Truvestments Capital LLC Has $695,000 Position in Century Communities, Inc. (NYSE:CCS)

Truvestments Capital LLC grew its holdings in Century Communities, Inc. (NYSE:CCS) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,748 shares of the construction company’s stock after buying an additional 739 shares during the quarter. Truvestments Capital LLC’s holdings in Century Communities were worth $695,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC raised its position in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after purchasing an additional 287 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Century Communities in the 3rd quarter valued at approximately $144,000. Innealta Capital LLC acquired a new position in shares of Century Communities in the 2nd quarter worth approximately $162,000. Finally, nVerses Capital LLC lifted 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 worth $180,000 after buying an additional 1,100 shares during the period. 99.54% of the stock is owned by institutional investors.

Century Communities Trading Up 1.7 %

CCS stock opened at $88.69 on Monday. The business has a fifty day moving average price of $95.31 and a 200 day moving average price of $91.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $108.42. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 8.84 and a beta of 1.87.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $2.58 earnings per share. Analysts expect that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio is presently 10.37%.

Analysts Set New Price Targets

CCS has been the topic of a number of analyst reports. B. Riley reiterated a “buy” rating and issued a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. Finally, Wedbush boosted their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th.

Insider Activity

In other Century Communities news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.70% of the stock is owned by 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.