Century Communities, Inc. (NYSE:CCS) Director Elisa Z. Ramirez Buys 1,500 Shares

Century Communities, Inc. (NYSE:CCS) Director Elisa Z. Ramirez bought 1,500 shares of Century Communities stock in a transaction dated Monday, April 28th. The shares were bought at an average price of $53.86 per share, for a total transaction of $80,790.00. Following the completion of the transaction, the director now directly owns 8,481 shares of the company’s stock, valued at $456,786.66. This represents a 21.49% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Century Communities Trading Up 0.7%

CCS opened at $55.66 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 5.35 and a beta of 1.57. The firm has a 50 day simple moving average of $61.42 and a 200 day simple moving average of $73.04. Century Communities, Inc. has a fifty-two week low of $52.41 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $2.22 earnings per share. On average, sell-side analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, May 28th. Century Communities’s payout ratio is presently 12.01%.

Institutional Investors Weigh In On Century Communities

Several large investors have recently bought and sold shares of CCS. Versant Capital Management Inc increased its stake in Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after purchasing an additional 331 shares in the last quarter. US Bancorp DE increased its stake in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after purchasing an additional 569 shares in the last quarter. Sterling Capital Management LLC increased its stake in Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after purchasing an additional 688 shares in the last quarter. Finally, Covestor Ltd increased its stake in Century Communities by 104.5% in the first quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock valued at $73,000 after purchasing an additional 555 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. Wedbush dropped their price target on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Century Communities presently has an average rating of “Hold” and an average target price of $101.33.

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.