Swiss National Bank Sells 600 Shares of Century Communities, Inc. (NYSE:CCS)

Swiss National Bank reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,866 shares of the construction company’s stock after selling 600 shares during the quarter. Swiss National Bank owned approximately 0.18% of Century Communities worth $5,753,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Signaturefd LLC raised its stake in shares of Century Communities by 11.2% in 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 during the period. Arizona State Retirement System raised its stake in shares of Century Communities by 1.9% in the second quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock valued at $654,000 after buying an additional 147 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Century Communities by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock valued at $231,000 after buying an additional 172 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Century Communities by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock valued at $796,000 after buying an additional 186 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Century Communities by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company’s stock valued at $1,160,000 after buying an additional 200 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

Century Communities stock opened at $90.80 on Thursday. Century Communities, Inc. has a 52 week low of $70.82 and a 52 week high of $108.42. The business has a 50-day simple moving average of $94.58 and a 200 day simple moving average of $91.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 9.05 and a beta of 1.87.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business earned $2.58 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. On average, research analysts forecast that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

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 transaction of $1,128,989.74. Following the transaction, the director now owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CCS shares. StockNews.com upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Wednesday. B. Riley reiterated a “buy” rating and issued a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, Wedbush lifted their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th.

Century Communities Company 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.