Century Communities, Inc. (NYSE:CCS) Director Purchases $22,296.00 in Stock

Century Communities, Inc. (NYSE:CCS) Director Elisa Z. Ramirez purchased 400 shares of the company’s stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $55.74 per share, for a total transaction of $22,296.00. Following the completion of the purchase, the director now owns 400 shares of the company’s stock, valued at approximately $22,296. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Century Communities Stock Up 0.7%

Shares of NYSE:CCS opened at $55.66 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Century Communities, Inc. has a 52-week low of $52.41 and a 52-week high of $108.42. The business’s 50 day simple moving average is $61.42 and its two-hundred day simple moving average is $73.04. The firm has a market cap of $1.70 billion, a P/E ratio of 5.35 and a beta of 1.57.

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

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, May 28th. Century Communities’s dividend payout ratio is currently 12.01%.

Institutional Investors Weigh In On Century Communities

Hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its position in Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after acquiring an additional 331 shares in the last quarter. US Bancorp DE raised its stake in shares of Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of 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, Headlands Technologies LLC purchased a new position in shares of Century Communities during the fourth quarter valued at approximately $74,000. 99.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CCS has been the subject of several research analyst reports. Wedbush lowered their price objective 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. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $101.33.

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.