Century Communities (NYSE:CCS) Shares Down 5.2% – Time to Sell?

Century Communities, Inc. (NYSE:CCS)’s stock price was down 5.2% during mid-day trading on Monday . The stock traded as low as $97.03 and last traded at $97.55. Approximately 98,528 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 297,742 shares. The stock had previously closed at $102.90.

Analysts Set New Price Targets

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

Century Communities Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average price is $99.19 and its 200-day moving average price is $90.53. The company has a market cap of $2.91 billion, a P/E ratio of 10.27 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. 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 during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company earned $1.60 EPS. The business’s revenue was up 24.3% on a year-over-year basis. Equities analysts anticipate that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is currently 11.54%.

Insiders Place Their Bets

In other news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the sale, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Robert J. Francescon sold 50,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Institutional Trading of Century Communities

Hedge funds have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. raised its stake in shares of Century Communities by 106.3% during the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock valued at $76,610,000 after acquiring an additional 409,068 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after buying an additional 295,729 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Century Communities in the 2nd quarter valued at about $7,419,000. Marshall Wace LLP increased its stake in shares of Century Communities by 84.9% in the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after buying an additional 66,029 shares during the period. Finally, Algert Global LLC raised its position in shares of Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after acquiring an additional 57,341 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

About Century Communities

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.