Century Communities, Inc. (NYSE:CCS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in shares of Century Communities, Inc. (NYSE:CCS) by 60.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 191,693 shares of the construction company’s stock after selling 292,680 shares during the period. American Century Companies Inc. owned approximately 0.60% of Century Communities worth $15,654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. lifted its position in shares of Century Communities by 106.3% during the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock worth $76,610,000 after purchasing an additional 409,068 shares in the last quarter. Norges Bank acquired a new position in Century Communities in the 4th quarter worth $11,727,000. First Trust Advisors LP lifted its holdings in Century Communities by 27.8% in the 4th quarter. First Trust Advisors LP now owns 339,697 shares of the construction company’s stock worth $30,960,000 after buying an additional 73,991 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Century Communities by 673.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company’s stock valued at $5,430,000 after buying an additional 57,904 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Century Communities by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock valued at $184,104,000 after acquiring an additional 29,989 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wedbush increased their price target on Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. B. Riley increased their target price on Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, July 25th.

Century Communities Price Performance

CCS opened at $103.27 on Friday. The company has a market capitalization of $3.28 billion, a P/E ratio of 11.46 and a beta of 1.86. The company has a 50-day moving average of $97.64 and a 200-day moving average of $88.89. 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, Inc. has a 1-year low of $58.01 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. Century Communities’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.60 earnings per share. Equities analysts expect that Century Communities, Inc. will post 10.98 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Wednesday, August 28th. Century Communities’s dividend payout ratio is presently 11.54%.

Insiders Place Their Bets

In other Century Communities news, Director John P. Box sold 11,282 shares of the 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 sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director John P. Box sold 11,282 shares of the company’s 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 completion of the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate 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.