Algert Global LLC Has $10.07 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Algert Global LLC lifted its holdings in Century Communities, Inc. (NYSE:CCS) by 86.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,307 shares of the construction company’s stock after acquiring an additional 57,341 shares during the quarter. Algert Global LLC’s holdings in Century Communities were worth $10,069,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CCS. Westwood Holdings Group Inc. boosted its holdings in shares of Century Communities by 106.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock worth $76,610,000 after acquiring an additional 409,068 shares in the last quarter. Norges Bank acquired a new position in shares of Century Communities in the 4th quarter worth approximately $11,727,000. Cubist Systematic Strategies LLC acquired a new position in shares of Century Communities in the 2nd quarter worth approximately $7,419,000. First Trust Advisors LP boosted its holdings in shares of Century Communities by 27.8% in the 4th quarter. First Trust Advisors LP now owns 339,697 shares of the construction company’s stock worth $30,960,000 after acquiring an additional 73,991 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after acquiring an additional 66,029 shares in the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CCS shares. B. Riley boosted their target price on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Wedbush increased 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 Stock Up 2.1 %

Shares of CCS opened at $103.17 on Friday. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 11.45 and a beta of 1.86. 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 business’s fifty day moving average price is $98.31 and its two-hundred day moving average price is $89.51. Century Communities, Inc. has a 52 week low of $58.01 and a 52 week high of $108.42.

Century Communities (NYSE:CCS) last announced 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. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company earned $1.60 EPS. On average, analysts predict that Century Communities, Inc. will post 10.98 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently declared 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 of this dividend was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is currently 11.54%.

Insider Activity

In other news, Director John P. Box sold 11,282 shares of the stock in a transaction 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 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 document filed with the SEC, which is accessible through the SEC website. In related news, Director John P. Box sold 11,282 shares of the firm’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 sale, the director now owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert J. Francescon sold 50,000 shares of the firm’s stock in a transaction dated 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 owns 477,931 shares of the company’s stock, 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 company insiders.

About Century Communities

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.