SG Americas Securities LLC Acquires Shares of 7,413 Century Communities, Inc. (NYSE:CCS)

SG Americas Securities LLC acquired a new stake in shares of Century Communities, Inc. (NYSE:CCS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,413 shares of the construction company’s stock, valued at approximately $763,000.

Several other large investors have also recently modified their holdings of the stock. Signaturefd LLC lifted its holdings in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares in the last quarter. Covestor Ltd grew its position in Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after acquiring an additional 133 shares during the last quarter. Arizona State Retirement System grew its position in shares of Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after buying an additional 147 shares in the last quarter. Essex Investment Management Co. LLC grew its position in shares of Century Communities by 0.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 28,174 shares of the construction company’s stock worth $2,719,000 after buying an additional 151 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Century Communities by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock worth $231,000 after buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Up 1.0 %

Century Communities stock opened at $96.94 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $98.03 and a two-hundred day moving average of $90.18. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 10.76 and a beta of 1.85. Century Communities, Inc. has a twelve month low of $58.01 and a twelve month high of $108.42.

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

Century Communities Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Insider Transactions at Century Communities

In related 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 of the company’s stock, valued at approximately $44,275,527.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John P. Box sold 11,282 shares of the business’s 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 owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. B. Riley increased their price target on Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Wedbush raised their target price 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 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.