LDR Capital Management LLC Lowers Stock Holdings in Century Communities, Inc. (NYSE:CCS)

LDR Capital Management LLC lessened its holdings in Century Communities, Inc. (NYSE:CCS) by 33.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 4,358 shares of the construction company’s stock after selling 2,168 shares during the quarter. LDR Capital Management LLC’s holdings in Century Communities were worth $356,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Covestor Ltd grew its position in shares of Century Communities by 95.0% during the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after purchasing an additional 133 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in Century Communities during the 4th quarter valued at approximately $36,000. GAMMA Investing LLC bought a new stake in shares of Century Communities during the fourth quarter valued at approximately $55,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Century Communities during the first quarter valued at $57,000. Finally, Cetera Advisors LLC bought a new stake in Century Communities in the 1st quarter valued at $202,000. 99.54% of the stock is owned by institutional investors.

Century Communities Price Performance

Shares of NYSE:CCS traded down $0.36 on Tuesday, reaching $101.74. The company’s stock had a trading volume of 184,767 shares, compared to its average volume of 307,697. The company has a 50-day simple moving average of $90.77 and a 200 day simple moving average of $87.25. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $107.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $3.23 billion, a P/E ratio of 11.29 and a beta of 1.85.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.19. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. As a group, equities research analysts anticipate that Century Communities, Inc. will post 10.91 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CCS. Wedbush lifted their target price on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. B. Riley lifted their price objective on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th.

Insider Buying and Selling

In other news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the transaction, the chief executive officer now owns 477,931 shares of the company’s stock, valued at $44,275,527.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.90% of the stock is owned by corporate insiders.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.