Wakefield Asset Management LLLP Buys New Stake in Century Communities, Inc. (NYSE:CCS)

Wakefield Asset Management LLLP purchased a new stake in Century Communities, Inc. (NYSE:CCS) during the second quarter, HoldingsChannel.com reports. The firm purchased 10,475 shares of the construction company’s stock, valued at approximately $855,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd raised its position 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 acquiring an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Century Communities in the first quarter valued at about $57,000. GAMMA Investing LLC raised its holdings in shares of Century Communities by 42.5% in the first quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock valued at $87,000 after purchasing an additional 270 shares during the last quarter. Signaturefd LLC lifted its position in Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Century Communities in the 2nd quarter valued at about $162,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Trading Down 0.1 %

Shares of NYSE CCS opened at $96.32 on Friday. The firm has a 50 day moving average price of $93.62 and a two-hundred day moving average price of $87.84. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $107.90. The stock has a market cap of $3.06 billion, a P/E ratio of 10.69 and a beta of 1.85. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.90.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $1.60 EPS. The business’s revenue was up 24.3% compared to the same quarter last year. As a group, equities analysts forecast that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is currently 11.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CCS shares. Wedbush raised their target price on shares of Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. B. Riley upped their price objective on shares of Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th.

Insider Buying and Selling

In other Century Communities news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated 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 completion of the transaction, the director now owns 45,127 shares in the company, valued at approximately $4,515,858.89. The transaction was disclosed in a document filed 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 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 sale, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated 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 of the company’s stock, valued at approximately $4,515,858.89. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

About Century Communities

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.