CalAtlantic Group, Inc. (CAA) Downgraded by MKM Partners to Neutral

Plasterers stand on scaffolding back while a worker walks into the garage of a home under construction at the Lennar Corp. Madison Pointe at Central Park development in Doral Florida

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. 0 analysts gave its stock an Outperform rating.

Lennar Corporation says that the deal to acquire CalAtlantic Group Inc values CAA stock at $51.34 per share. Finally, ValuEngine lowered CalAtlantic Group from a "buy" rating to a "hold" rating in a report on Friday, September 1st.

CalAtlantic Group (NYSE:CAA) last announced its earnings results on Thursday, July 27th. The firm's revenue was up 166.0% on a year-over-year basis. The day's total volume of 5076058 this morning is in contrast from the three-month daily average of 1131.13K. 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. Of those transactions, there were 241,743 shares of CAA bought and 43.75 million shares sold. Following the completion of the transaction, the chief executive officer now directly owns 594,600 shares in the company, valued at approximately $21,405,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

The transaction is expected to close in the first quarter of 2018, the companies said. The dividend was $0.040 per share for the quarter which is $0.16 annualized.

The average Wall Street analyst rating for CalAtlantic Group, Inc.is Hold, according to the average of 11 analyst scores. The stock's 52-week range is $30.20 to $40.60, and its 3-month range is $33.56 to $50.48. LS Investment Advisors LLC grew its holdings in shares of CalAtlantic Group by 16.4% during the 2nd quarter. Next quarter's EPS is forecasted at $1.26 and the next full year EPS is projected to be $4.05. LS Investment Advisors LLC boosted its position in shares of CalAtlantic Group by 63.5% in the second quarter.

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CalAtlantic Group, Inc is a diversified builder of single-family attached and detached homes.

Return on assets (ROA) is a financial ratio that shows the percentage of profit that a company earns in relation to its overall resources (total assets). The homebuilding segment operations include acquiring and developing land, and constructing and selling single-family attached and detached homes.

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