Shares of CalAtlantic Group (NYSE:CAA) opened at 40.45 on Thursday. CalAtlantic Group, Inc. The stock has a 50-day moving average of $37.50 and a 200 day moving average of $36.31. Wedbush reissued an "ourperform" rating and set a $41.00 target price on shares of CalAtlantic Group in a report on Monday, July 31st.
The company now has an insider ownership of 1.4 Percent and Institutional ownership of 0 Percent. The company earned $1.67 billion during the quarter, compared to the consensus estimate of $1.68 billion. CalAtlantic Group had a net margin of 7.26% and a return on equity of 11.40%. The firm's revenue was up 166.0% on a year-over-year basis.
For the current quarter, 14 analysts are projecting a mean EPS of $0.81/share. The analysts estimated EPS for the higher end at 1.49 and lower end at 1.08 while the year ago reported earnings per share was 1.38. The ex-dividend date of this dividend is Tuesday, December 13th. CalAtlantic Group's dividend payout ratio (DPR) is 5.56%.
Shareholders at CalAtlantic will receive Lennar stock unless they exercise an option to receive cash amounting to $48.26 per share, subject to a maximum amount of approximately $1.2 billion. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. CalAtlantic Group, Inc. (NYSE:CAA) has a 20-Day average volume of 1.67 Million. Parametric Portfolio Associates LLC grew its position in CalAtlantic Group by 50.3% in the first quarter. Finally, Sciencast Management LP acquired a new stake in shares of CalAtlantic Group during the second quarter valued at $222,000. Riverhead Capital Management LLC now owns 4,387 shares of the construction company's stock worth $155,000 after acquiring an additional 1,827 shares in the last quarter.