Bessemer Group Inc. Acquires New Position in CalAtlantic Group Inc (CAA)

Bessemer Group Inc. acquired a new stake in CalAtlantic Group Inc (NYSE:CAA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,250 shares of the industrial goods maker’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sanders Capital LLC raised its stake in CalAtlantic Group by 5.1% in the 3rd quarter. Sanders Capital LLC now owns 4,380,539 shares of the industrial goods maker’s stock valued at $175,352,000 after purchasing an additional 213,339 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in CalAtlantic Group by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,330,522 shares of the industrial goods maker’s stock valued at $121,995,000 after purchasing an additional 69,164 shares during the last quarter. Greenhaven Associates Inc. raised its stake in CalAtlantic Group by 4.9% in the 3rd quarter. Greenhaven Associates Inc. now owns 3,198,013 shares of the industrial goods maker’s stock valued at $117,143,000 after purchasing an additional 148,170 shares during the last quarter. Donald Smith & CO. Inc. acquired a new stake in shares of CalAtlantic Group in the 3rd quarter worth $64,178,000. Finally, JPMorgan Chase & Co. increased its stake in shares of CalAtlantic Group by 283.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,189,005 shares of the industrial goods maker’s stock worth $43,054,000 after acquiring an additional 879,180 shares during the last quarter. 92.36% of the stock is owned by hedge funds and other institutional investors.

Shares of CalAtlantic Group Inc (NYSE CAA) opened at $53.12 on Thursday. The company has a current ratio of 5.91, a quick ratio of 0.29 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $6,172.06, a PE ratio of 15.76, a P/E/G ratio of 1.41 and a beta of 1.45. CalAtlantic Group Inc has a 52-week low of $33.56 and a 52-week high of $64.60.

A number of analysts have issued reports on the company. B. Riley reaffirmed a “neutral” rating on shares of CalAtlantic Group in a research note on Wednesday, November 1st. Zacks Investment Research raised CalAtlantic Group from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research note on Tuesday, January 9th. Wedbush downgraded CalAtlantic Group from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $41.00 to $51.00 in a research note on Tuesday, October 31st. UBS Group raised their target price on CalAtlantic Group from $55.00 to $63.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Finally, JMP Securities downgraded CalAtlantic Group from an “outperform” rating to a “market perform” rating in a research note on Monday, October 30th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $55.22.

In related news, EVP John Patrick Babel sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.48, for a total transaction of $629,760.00. Following the completion of the sale, the executive vice president now directly owns 33,603 shares of the company’s stock, valued at approximately $1,763,485.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Larry T. Nicholson sold 78,342 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $52.55, for a total value of $4,116,872.10. Following the sale, the chief executive officer now directly owns 693,033 shares of the company’s stock, valued at $36,418,884.15. The disclosure for this sale can be found here. Insiders have sold a total of 155,342 shares of company stock valued at $8,339,182 over the last three months. Corporate insiders own 39.50% of the company’s stock.

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CalAtlantic Group Company Profile

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.

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

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