Victory Capital Management Inc. Has $6.12 Million Stake in Century Communities, Inc. (NYSE:CCS)

Victory Capital Management Inc. reduced its holdings in Century Communities, Inc. (NYSE:CCS) by 8.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,976 shares of the construction company’s stock after selling 7,280 shares during the period. Victory Capital Management Inc. owned approximately 0.24% of Century Communities worth $6,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCS. UniSuper Management Pty Ltd bought a new stake in shares of Century Communities during the 1st quarter valued at $641,000. Public Employees Retirement System of Ohio lifted its stake in Century Communities by 50.2% in the first quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock valued at $3,778,000 after buying an additional 13,091 shares during the period. First Eagle Investment Management LLC lifted its stake in Century Communities by 46.0% in the first quarter. First Eagle Investment Management LLC now owns 93,678 shares of the construction company’s stock valued at $9,040,000 after buying an additional 29,500 shares during the period. Vanguard Group Inc. boosted its holdings in Century Communities by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after buying an additional 13,861 shares during the last quarter. Finally, Caxton Associates LP grew its position in shares of Century Communities by 111.6% during the 1st quarter. Caxton Associates LP now owns 14,837 shares of the construction company’s stock worth $1,432,000 after buying an additional 7,824 shares during the period. 99.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Century Communities

In other news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at $44,275,527.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Robert J. Francescon sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Box sold 11,282 shares of the business’s stock in a transaction 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 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. Company insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCS. B. Riley lifted their price objective on shares of Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Wedbush boosted their price target 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 Trading Up 4.4 %

NYSE CCS opened at $103.41 on Monday. 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 stock’s 50-day moving average is $95.54 and its 200-day moving average is $88.29. Century Communities, Inc. has a one year low of $58.01 and a one year high of $107.90. The firm has a market cap of $3.24 billion, a P/E ratio of 11.48 and a beta of 1.86.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, beating 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 firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts anticipate that Century Communities, Inc. will post 10.98 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

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

Century Communities Company 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.