Century Communities, Inc. (NYSE:CCS) Shares Acquired by Creative Planning

Creative Planning raised its stake in Century Communities, Inc. (NYSE:CCS) by 42.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,316 shares of the construction company’s stock after buying an additional 1,887 shares during the quarter. Creative Planning’s holdings in Century Communities were worth $516,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. raised its holdings in shares of Century Communities by 106.3% during the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock valued at $76,610,000 after buying an additional 409,068 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Century Communities during the 2nd quarter valued at $7,419,000. Marshall Wace LLP lifted its holdings in Century Communities by 84.9% in the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after purchasing an additional 66,029 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Century Communities by 673.8% during the second quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company’s stock valued at $5,430,000 after acquiring an additional 57,904 shares during the period. Finally, Algert Global LLC lifted its holdings in shares of Century Communities by 86.9% in the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock valued at $10,069,000 after buying an additional 57,341 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Insider Transactions at Century Communities

In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 477,931 shares in the company, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 477,931 shares in the company, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Box sold 11,282 shares of the company’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 transaction of $1,128,989.74. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. B. Riley upped their price target on Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Wedbush increased their price target 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 Trading Up 1.9 %

Century Communities stock opened at $98.83 on Tuesday. Century Communities, Inc. has a 52 week low of $58.01 and a 52 week high of $108.42. 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 firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.97 and a beta of 1.85. The company has a 50 day moving average price of $98.16 and a 200 day moving average price of $90.16.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.46 by $0.19. The business had revenue of $1.02 billion during 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%. Century Communities’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.60 earnings per share. Research analysts forecast that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.05%. Century Communities’s dividend payout ratio is 11.54%.

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.