Royce & Associates LP Raises Holdings in Century Communities, Inc. (NYSE:CCS)

Royce & Associates LP boosted its stake in shares of Century Communities, Inc. (NYSE:CCS) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,809 shares of the construction company’s stock after acquiring an additional 980 shares during the quarter. Royce & Associates LP’s holdings in Century Communities were worth $6,571,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Covestor Ltd increased its holdings in shares of Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after purchasing an additional 133 shares in the last quarter. Signaturefd LLC increased its holdings in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares during the period. Innealta Capital LLC purchased a new stake in shares of Century Communities during the 2nd quarter worth about $162,000. Finally, nVerses Capital LLC grew its position in shares of Century Communities by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 2,200 shares of the construction company’s stock valued at $180,000 after acquiring an additional 1,100 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now owns 45,127 shares in the company, valued at approximately $4,515,858.89. This trade represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. B. Riley reaffirmed a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, Wedbush lifted their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Trading Down 1.7 %

CCS stock opened at $86.23 on Monday. Century Communities, Inc. has a 12-month low of $70.82 and a 12-month high of $108.42. The business’s 50-day moving average is $96.41 and its 200 day moving average is $91.44. 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 stock has a market cap of $2.70 billion, a price-to-earnings ratio of 8.60 and a beta of 1.87.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the company posted $2.58 earnings per share. The business’s revenue was up 23.7% on a year-over-year basis. On average, sell-side analysts anticipate that Century Communities, Inc. will post 10.88 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities’s dividend payout ratio is currently 10.37%.

Century Communities 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.