Sanders Capital LLC Has $161.97 Million Stake in CalAtlantic Group, Inc. (NYSE:CAA)

Sanders Capital LLC boosted its stake in shares of CalAtlantic Group, Inc. (NYSE:CAA) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,167,200 shares of the construction company’s stock after buying an additional 153,652 shares during the period. CalAtlantic Group makes up 1.0% of Sanders Capital LLC’s holdings, making the stock its 26th largest position. Sanders Capital LLC owned 3.64% of CalAtlantic Group worth $161,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CAA. LS Investment Advisors LLC increased its stake in CalAtlantic Group by 1.4% in the first quarter. LS Investment Advisors LLC now owns 5,236 shares of the construction company’s stock valued at $196,000 after buying an additional 72 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of CalAtlantic Group by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the construction company’s stock worth $682,000 after buying an additional 100 shares during the period. Advantus Capital Management Inc increased its stake in shares of CalAtlantic Group by 2.2% in the first quarter. Advantus Capital Management Inc now owns 9,233 shares of the construction company’s stock worth $346,000 after buying an additional 202 shares during the period. Oregon Public Employees Retirement Fund boosted its position in CalAtlantic Group by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 26,570 shares of the construction company’s stock worth $995,000 after buying an additional 300 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in CalAtlantic Group by 1.5% in the first quarter. Public Employees Retirement System of Ohio now owns 33,367 shares of the construction company’s stock worth $1,250,000 after buying an additional 490 shares in the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

Shares of CalAtlantic Group, Inc. (NYSE CAA) opened at 34.26 on Friday. CalAtlantic Group, Inc. has a 52 week low of $30.18 and a 52 week high of $38.63. The stock has a market cap of $3.78 billion, a PE ratio of 9.43 and a beta of 1.45. The firm has a 50-day moving average of $36.14 and a 200 day moving average of $36.13.

CalAtlantic Group (NYSE:CAA) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.03. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. CalAtlantic Group had a return on equity of 11.40% and a net margin of 7.26%. The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. On average, equities analysts forecast that CalAtlantic Group, Inc. will post $3.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, September 30th. Investors of record on Friday, September 15th will be issued a $0.04 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.16 annualized dividend and a yield of 0.47%. CalAtlantic Group’s payout ratio is 4.46%.

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CAA has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on CalAtlantic Group from $40.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, June 7th. Wedbush reissued an “outperform” rating and issued a $41.00 target price on shares of CalAtlantic Group in a research note on Tuesday, June 6th. Zacks Investment Research cut CalAtlantic Group from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Raymond James Financial, Inc. lowered shares of CalAtlantic Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Finally, Bank of America Corporation lowered shares of CalAtlantic Group from a “buy” rating to a “neutral” rating in a report on Thursday, June 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $39.89.

In other CalAtlantic Group news, Director David J. Matlin sold 14,510,008 shares of CalAtlantic Group stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $33.22, for a total value of $482,022,465.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Larry T. Nicholson sold 9,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $35.94, for a total value of $323,460.00. Following the completion of the sale, the chief executive officer now owns 620,737 shares in the company, valued at $22,309,287.78. The disclosure for this sale can be found here. Insiders sold 14,528,112 shares of company stock valued at $482,670,158 in the last ninety days. 39.50% of the stock is owned by corporate insiders.

About CalAtlantic Group

CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

Institutional Ownership by Quarter for CalAtlantic Group (NYSE:CAA)

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