Truist Financial Corp Has $687,000 Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Truist Financial Corp lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 24.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,413 shares of the construction company’s stock after purchasing an additional 1,671 shares during the period. Truist Financial Corp’s holdings in Century Communities were worth $687,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Century Communities by 0.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 429,476 shares of the construction company’s stock worth $39,142,000 after buying an additional 1,194 shares in the last quarter. Vanguard Group Inc. boosted its stake in Century Communities by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock worth $184,104,000 after acquiring an additional 29,989 shares in the last quarter. Nomura Holdings Inc. grew its holdings in Century Communities by 197.4% in the fourth quarter. Nomura Holdings Inc. now owns 8,919 shares of the construction company’s stock worth $813,000 after purchasing an additional 5,920 shares during the period. GAMMA Investing LLC increased its stake in 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 in the last quarter. Finally, Ausbil Investment Management Ltd acquired a new position in shares of Century Communities during the first quarter valued at about $1,684,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Insider Buying and Selling at Century Communities

In other news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction on 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 transaction, the director now owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director John P. Box sold 11,282 shares of the business’s 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 of the company’s stock, valued at approximately $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at $44,275,527.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Century Communities Stock Performance

NYSE CCS opened at $100.19 on Wednesday. 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 $3.18 billion, a price-to-earnings ratio of 11.12 and a beta of 1.85. The company has a fifty day moving average price of $98.31 and a 200-day moving average price of $90.19. 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 quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.19. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. Century Communities’s revenue was up 24.3% on a year-over-year basis. As a group, equities research analysts predict that Century Communities, Inc. will post 10.98 EPS for the current fiscal year.

Century Communities Dividend Announcement

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

Analyst Ratings Changes

CCS has been the subject of several research reports. Wedbush raised their target price on Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. B. Riley boosted their price objective on Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a report on Thursday, July 25th.

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.