Century Communities, Inc. (NYSE:CCS) Stake Lessened by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its stake in shares of Century Communities, Inc. (NYSE:CCS) by 28.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,211 shares of the construction company’s stock after selling 2,060 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Century Communities were worth $426,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in Century Communities by 95.0% during the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after purchasing an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Century Communities in the 1st quarter worth about $57,000. GAMMA Investing LLC boosted its holdings in shares of Century Communities by 42.5% in the 1st quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock valued at $87,000 after buying an additional 270 shares during the period. Signaturefd LLC grew its position in shares of Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Century Communities during the second quarter worth about $162,000. 99.54% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated 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 transaction, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director John P. Box sold 11,282 shares of the 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 completion of the sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 477,931 shares in the company, valued at approximately $44,275,527.84. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CCS shares. Wedbush lifted their price objective on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. B. Riley lifted their price target on Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, July 25th.

Century Communities Price Performance

Shares of CCS opened at $103.41 on Friday. Century Communities, Inc. has a one year low of $58.01 and a one year high of $107.90. The stock’s fifty day moving average is $95.54 and its 200-day moving average is $88.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 11.48 and a beta of 1.86.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business earned $1.60 earnings per share. The business’s revenue for the quarter 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Wednesday, August 28th. Century Communities’s dividend payout ratio is presently 11.54%.

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.