Century Communities, Inc. (NYSE:CCS) Director Elisa Z. Ramirez Buys 500 Shares

Century Communities, Inc. (NYSE:CCS) Director Elisa Z. Ramirez bought 500 shares of Century Communities stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the acquisition, the director now owns 8,981 shares in the company, valued at $491,081.08. This represents a 5.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Century Communities Trading Up 1.1%

Shares of NYSE:CCS opened at $56.76 on Wednesday. Century Communities, Inc. has a 52 week low of $52.41 and a 52 week high of $108.42. The company’s 50 day moving average is $62.06 and its two-hundred day moving average is $73.41. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.73 billion, a PE ratio of 5.46 and a beta of 1.57.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The company had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. During the same quarter in the prior year, the business earned $2.22 earnings per share. Century Communities’s revenue was down 2.1% compared to the same quarter last year. Equities analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities’s payout ratio is currently 12.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CCS. First Trust Advisors LP grew its position in Century Communities by 67.3% during the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company’s stock worth $82,200,000 after purchasing an additional 450,914 shares during the last quarter. Westwood Holdings Group Inc. grew its position in Century Communities by 32.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company’s stock worth $71,102,000 after purchasing an additional 258,245 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Century Communities by 51.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company’s stock worth $49,834,000 after purchasing an additional 230,113 shares during the last quarter. Marshall Wace LLP grew its position in Century Communities by 660.5% during the 4th quarter. Marshall Wace LLP now owns 202,518 shares of the construction company’s stock worth $14,857,000 after purchasing an additional 175,887 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Century Communities during the 1st quarter worth $11,583,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a report on Friday, January 31st. Wedbush dropped their price objective on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.33.

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.