Foster & Motley Inc. Sells 802 Shares of Century Communities, Inc. (NYSE:CCS)

Foster & Motley Inc. decreased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,678 shares of the construction company’s stock after selling 802 shares during the quarter. Foster & Motley Inc.’s holdings in Century Communities were worth $627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CCS. Signaturefd LLC increased its stake in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after acquiring an additional 115 shares during the last quarter. Covestor Ltd increased its stake in shares of Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after purchasing an additional 133 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in shares of Century Communities by 0.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 28,174 shares of the construction company’s stock valued at $2,719,000 after purchasing an additional 151 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Century Communities by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after buying an additional 186 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Century Communities by 4.8% during the 4th quarter. M&T Bank Corp now owns 4,084 shares of the construction company’s stock worth $372,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Down 0.1 %

Shares of CCS opened at $96.32 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.90. Century Communities, Inc. has a 52 week low of $58.01 and a 52 week high of $107.90. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 10.69 and a beta of 1.85. The stock has a fifty day moving average of $93.62 and a 200-day moving average of $87.84.

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

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $1.04 annualized dividend and a yield of 1.08%. Century Communities’s dividend payout ratio is presently 11.54%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. B. Riley lifted their target price on Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Wedbush lifted their price target on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, July 25th.

Insiders Place Their Bets

In other news, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated 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 approximately $44,275,527.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John P. Box sold 11,282 shares of the company’s 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 sale, the director now owns 45,127 shares in the company, valued at approximately $4,515,858.89. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

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.