90,855 Shares in Century Communities, Inc. (NYSE:CCS) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in Century Communities, Inc. (NYSE:CCS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 90,855 shares of the construction company’s stock, valued at approximately $7,419,000. Cubist Systematic Strategies LLC owned about 0.29% of Century Communities at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd purchased a new position in shares of Century Communities in the 1st quarter worth about $641,000. Public Employees Retirement System of Ohio raised its position in Century Communities by 50.2% in the first quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock worth $3,778,000 after acquiring an additional 13,091 shares during the period. First Eagle Investment Management LLC raised its position in Century Communities by 46.0% in the first quarter. First Eagle Investment Management LLC now owns 93,678 shares of the construction company’s stock worth $9,040,000 after acquiring an additional 29,500 shares during the period. Vanguard Group Inc. boosted its stake in Century Communities by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock valued at $196,269,000 after acquiring an additional 13,861 shares during the last quarter. Finally, Caxton Associates LP grew its position in shares of Century Communities by 111.6% during the 1st quarter. Caxton Associates LP now owns 14,837 shares of the construction company’s stock valued at $1,432,000 after acquiring an additional 7,824 shares during the period. Institutional investors own 99.54% of the company’s stock.

Insider Buying and Selling

In other news, Director John P. Box sold 11,282 shares of the company’s 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 sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director John P. Box sold 11,282 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Century Communities Price Performance

CCS opened at $101.08 on Friday. The firm has a 50-day moving average price of $98.04 and a 200-day moving average price of $89.31. Century Communities, Inc. has a twelve month low of $58.01 and a twelve month high of $108.42. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 11.22 and a beta of 1.86.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share 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 during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $1.60 EPS. Century Communities’s 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 year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were paid 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 1.03%. Century Communities’s payout ratio is 11.54%.

Analysts Set New Price Targets

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