Thrivent Financial for Lutherans Sells 1,045 Shares of Century Communities, Inc. (NYSE:CCS)

Thrivent Financial for Lutherans reduced its position in shares of Century Communities, Inc. (NYSE:CCS) by 4.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 23,488 shares of the construction company’s stock after selling 1,045 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Century Communities were worth $1,918,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCS. UniSuper Management Pty Ltd bought a new stake in Century Communities in the first quarter worth $641,000. Public Employees Retirement System of Ohio lifted 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 buying an additional 13,091 shares during the last quarter. First Eagle Investment Management LLC lifted 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 buying an additional 29,500 shares during the last quarter. Vanguard Group Inc. lifted its position 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 worth $196,269,000 after buying an additional 13,861 shares during the last quarter. Finally, Caxton Associates LP lifted its position in Century Communities by 111.6% in the first quarter. Caxton Associates LP now owns 14,837 shares of the construction company’s stock worth $1,432,000 after buying an additional 7,824 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Insider Activity at Century Communities

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 value of $4,632,000.00. Following the transaction, the chief executive officer now owns 477,931 shares in the company, valued at $44,275,527.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John P. Box sold 11,282 shares of the business’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 owns 45,127 shares in the company, valued at $4,515,858.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction dated 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 owns 477,931 shares in the company, valued at approximately $44,275,527.84. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Century Communities Stock Down 1.4 %

NYSE:CCS opened at $101.11 on Thursday. Century Communities, Inc. has a twelve month low of $58.01 and a twelve month high of $108.42. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 11.22 and a beta of 1.86. The stock has a fifty day simple moving average of $98.55 and a 200-day simple moving average of $89.82. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

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 the consensus estimate of $2.46 by $0.19. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.60 earnings per share. 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. Investors of record on Wednesday, August 28th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.03%. Century Communities’s payout ratio is currently 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.