Dimensional Fund Advisors LP Decreases Stake in Century Communities, Inc. (NYSE:CCS)

Dimensional Fund Advisors LP reduced its stake in Century Communities, Inc. (NYSE:CCS) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,543,116 shares of the construction company’s stock after selling 53,071 shares during the quarter. Dimensional Fund Advisors LP owned about 8.00% of Century Communities worth $207,668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC raised its position in shares of Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after purchasing an additional 115 shares during the last quarter. Covestor Ltd raised its position in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after buying an additional 133 shares during the last quarter. Arizona State Retirement System raised its position in Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after buying an additional 147 shares during the last quarter. Essex Investment Management Co. LLC raised its position in Century Communities by 0.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 28,174 shares of the construction company’s stock worth $2,719,000 after buying an additional 151 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its position in Century Communities by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after buying an additional 186 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Century Communities

In related news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction 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 owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction 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 owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction on 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 completion of the sale, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Century Communities Price Performance

NYSE:CCS opened at $106.75 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 11.85 and a beta of 1.86. The company has a 50 day moving average price of $97.38 and a 200-day moving average price of $88.77. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.19. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.60 EPS. Equities research 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 was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. Century Communities’s dividend payout ratio is currently 11.54%.

Analyst Upgrades and Downgrades

CCS has been the subject of a number of recent research reports. B. Riley raised their price target 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. Wedbush lifted their target price on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, July 25th.

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.