Truist Financial Corp Purchases 1,671 Shares of Century Communities, Inc. (NYSE:CCS)

Truist Financial Corp increased its position in Century Communities, Inc. (NYSE:CCS) by 24.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,413 shares of the construction company’s stock after buying an additional 1,671 shares during the quarter. Truist Financial Corp’s holdings in Century Communities were worth $687,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CCS. Goldman Sachs Group Inc. lifted its position in Century Communities by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 429,476 shares of the construction company’s stock worth $39,142,000 after buying an additional 1,194 shares during the last quarter. Vanguard Group Inc. lifted its position in Century Communities by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock worth $184,104,000 after buying an additional 29,989 shares during the last quarter. Nomura Holdings Inc. lifted its position in Century Communities by 197.4% in the 4th quarter. Nomura Holdings Inc. now owns 8,919 shares of the construction company’s stock worth $813,000 after buying an additional 5,920 shares during the last quarter. GAMMA Investing LLC lifted its position in Century Communities by 42.5% in 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 last quarter. Finally, Ausbil Investment Management Ltd bought a new stake in Century Communities in the 1st quarter worth approximately $1,684,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of CCS stock opened at $100.19 on Wednesday. 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 fifty-two week low of $58.01 and a fifty-two week high of $108.42. The company has a market capitalization of $3.18 billion, a P/E ratio of 11.12 and a beta of 1.85. The stock has a 50 day moving average price of $98.31 and a two-hundred day moving average price of $90.19.

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

Century Communities Announces Dividend

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

Insider Activity

In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the firm’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 transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 $44,275,527.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction that occurred on 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 sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CCS. B. Riley boosted their price objective 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 boosted their price objective 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.