State of Alaska Department of Revenue Has $1.62 Million Position in Century Communities, Inc. (NYSE:CCS)

State of Alaska Department of Revenue lessened its stake in shares of Century Communities, Inc. (NYSE:CCS) by 5.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,735 shares of the construction company’s stock after selling 879 shares during the period. State of Alaska Department of Revenue’s holdings in Century Communities were worth $1,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCS. UniSuper Management Pty Ltd acquired a new position in Century Communities in the 1st quarter valued at $641,000. Public Employees Retirement System of Ohio increased its stake in shares of 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 purchasing an additional 13,091 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Century Communities by 46.0% during the 1st quarter. First Eagle Investment Management LLC now owns 93,678 shares of the construction company’s stock worth $9,040,000 after purchasing an additional 29,500 shares during the last quarter. Vanguard Group Inc. boosted its stake in Century Communities by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock valued at $196,269,000 after purchasing an additional 13,861 shares during the period. Finally, Ausbil Investment Management Ltd acquired a new stake in Century Communities in the 3rd quarter valued at approximately $618,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

Shares of NYSE:CCS opened at $88.60 on Friday. The business’s 50 day moving average is $98.43 and its 200-day moving average is $90.83. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.78 billion, a PE ratio of 8.83 and a beta of 1.85. Century Communities, Inc. has a 1-year low of $63.25 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company posted $2.58 EPS. The business’s revenue was up 23.7% on a year-over-year basis. Sell-side analysts predict that Century Communities, Inc. will post 10.88 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were paid a $0.26 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.17%. Century Communities’s dividend payout ratio is currently 10.37%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush raised their price target on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th.

Insider Transactions at Century Communities

In related news, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $44,275,527.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John P. Box sold 11,282 shares of the business’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 value of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at $44,275,527.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by 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.