Truvestments Capital LLC Has $695,000 Position in Century Communities, Inc. (NYSE:CCS)

Truvestments Capital LLC lifted its position in Century Communities, Inc. (NYSE:CCS) by 12.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,748 shares of the construction company’s stock after acquiring an additional 739 shares during the period. Truvestments Capital LLC’s holdings in Century Communities were worth $695,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CCS. Public Employees Retirement System of Ohio raised its holdings in Century Communities by 50.2% in the first quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock worth $3,778,000 after purchasing an additional 13,091 shares during the period. Vanguard Group Inc. raised its stake in Century Communities by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after buying an additional 13,861 shares during the period. Ausbil Investment Management Ltd acquired a new stake in Century Communities during the 3rd quarter worth $618,000. Caxton Associates LP lifted its holdings in Century Communities by 111.6% during the first quarter. Caxton Associates LP now owns 14,837 shares of the construction company’s stock worth $1,432,000 after acquiring an additional 7,824 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new position in Century Communities in the second quarter valued at about $624,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

CCS opened at $88.69 on Monday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 8.84 and a beta of 1.87. The business’s 50-day moving average price is $95.31 and its two-hundred day moving average price is $91.63. Century Communities, Inc. has a 1 year low of $70.82 and a 1 year high of $108.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm earned $2.58 EPS. Century Communities’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts expect that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities’s dividend payout ratio is presently 10.37%.

Analyst Ratings Changes

A number of research firms have recently commented on CCS. Wedbush raised their price target on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. Finally, B. Riley reiterated a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Insider Buying and Selling

In related news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.70% of the stock is currently 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.