10,475 Shares in Century Communities, Inc. (NYSE:CCS) Purchased by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP acquired a new stake in shares of Century Communities, Inc. (NYSE:CCS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,475 shares of the construction company’s stock, valued at approximately $855,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares during the period. Covestor Ltd boosted its holdings in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after acquiring an additional 133 shares in the last quarter. Arizona State Retirement System grew its position in Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after purchasing an additional 147 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of Century Communities by 0.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 28,174 shares of the construction company’s stock valued at $2,719,000 after acquiring an additional 151 shares during the period. Finally, SummerHaven Investment Management LLC raised its stake in shares of Century Communities by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after purchasing an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wedbush lifted their price objective on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. B. Riley upped their price target on Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, July 25th.

Century Communities Stock Performance

Shares of CCS opened at $96.32 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.06 billion, a PE ratio of 10.69 and a beta of 1.85. The company has a 50-day simple moving average of $93.62 and a 200-day simple moving average of $87.84. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $107.90.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.19. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company earned $1.60 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Equities research analysts predict that Century Communities, Inc. will post 10.98 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, August 28th. Century Communities’s dividend payout ratio is currently 11.54%.

Insiders Place Their Bets

In related news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the transaction, the chief executive officer now owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John P. Box sold 11,282 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The disclosure for this sale can be found here. 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.