2,300 Shares in Century Communities, Inc. (NYSE:CCS) Bought by Everence Capital Management Inc.

Everence Capital Management Inc. purchased a new position in Century Communities, Inc. (NYSE:CCS) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 2,300 shares of the construction company’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd purchased a new stake in Century Communities in the first quarter worth $641,000. Public Employees Retirement System of Ohio grew its stake in shares of 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 acquiring an additional 13,091 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Century Communities by 46.0% in the first quarter. First Eagle Investment Management LLC now owns 93,678 shares of the construction company’s stock worth $9,040,000 after acquiring an additional 29,500 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Century Communities by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after acquiring an additional 13,861 shares during the last quarter. Finally, Caxton Associates LP grew its stake in shares of Century Communities by 111.6% in 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 during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction 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 directly owns 477,931 shares of the company’s stock, valued at $44,275,527.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction dated Friday, August 16th. The stock was 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. This represents a 0.00 % 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. Also, Director John P. Box sold 11,282 shares of the stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Century Communities Trading Down 4.1 %

Shares of NYSE:CCS opened at $92.49 on Wednesday. The company has a market cap of $2.94 billion, a P/E ratio of 10.27 and a beta of 1.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. Century Communities, Inc. has a 1 year low of $58.01 and a 1 year high of $108.42. The stock’s fifty day moving average price is $99.19 and its 200-day moving average price is $90.53.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.60 earnings per share. Sell-side analysts expect that Century Communities, Inc. will post 10.98 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s payout ratio is currently 11.54%.

Wall Street Analysts Forecast Growth

CCS has been the topic of a number of recent research reports. Wedbush increased their target price on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. B. Riley increased their target price on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th.

Century Communities 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.