Century Communities (NYSE:CCS) Chairman Dale Francescon Sells 100,100 Shares

Century Communities, Inc. (NYSE:CCS) Chairman Dale Francescon sold 100,100 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the completion of the transaction, the chairman owned 561,662 shares in the company, valued at $40,686,795.28. The trade was a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Century Communities Stock Up 3.6%

Century Communities stock opened at $74.89 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $76.00. The firm has a fifty day moving average price of $64.29 and a two-hundred day moving average price of $63.19. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 15.41 and a beta of 1.58.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.20. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $3.54 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. As a group, analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.28 annualized dividend and a yield of 1.7%. This is an increase from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s dividend payout ratio (DPR) is presently 23.87%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CCS shares. Citizens Jmp began coverage on shares of Century Communities in a research note on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price objective on the stock. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Citigroup started coverage on shares of Century Communities in a report on Wednesday, January 21st. They set an “outperform” rating on the stock. B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. decreased their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a research report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $74.75.

Hedge Funds Weigh In On Century Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Global Investments bought a new stake in Century Communities in the 3rd quarter worth about $1,162,000. Penserra Capital Management LLC boosted its stake in shares of Century Communities by 34.9% in the 2nd quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after buying an additional 1,180 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after buying an additional 282,133 shares during the last quarter. Creative Planning grew its holdings in shares of Century Communities by 117.2% in the second quarter. Creative Planning now owns 37,891 shares of the construction company’s stock valued at $2,134,000 after acquiring an additional 20,447 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Century Communities during the third quarter valued at approximately $2,826,000. 99.54% of the stock is owned by institutional investors.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.