Century Communities, Inc. (NYSE:CCS) Stock Position Increased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 11.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883,197 shares of the construction company’s stock after acquiring an additional 89,310 shares during the period. Westwood Holdings Group Inc. owned approximately 2.78% of Century Communities worth $72,122,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Century Communities by 95.0% during 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Century Communities in the 1st quarter worth about $57,000. GAMMA Investing LLC raised its holdings in Century Communities by 42.5% during the 1st quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock worth $87,000 after buying an additional 270 shares during the period. Signaturefd LLC lifted its stake in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Century Communities in the second quarter worth approximately $162,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of CCS opened at $103.27 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12 month low of $58.01 and a 12 month high of $108.42. The company’s fifty day moving average is $97.64 and its 200-day moving average is $88.89. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 11.46 and a beta of 1.86.

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

Century Communities Dividend Announcement

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. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.01%. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Insider Buying and Selling at Century Communities

In other Century Communities news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was 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 owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated 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 transaction, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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