Century Communities (NYSE:CCS) Shares Gap Down to $106.75

Century Communities, Inc. (NYSE:CCS) gapped down before the market opened on Friday . The stock had previously closed at $106.75, but opened at $103.35. Century Communities shares last traded at $104.77, with a volume of 3,466 shares traded.

Wall Street Analyst Weigh In

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

Century Communities Price Performance

The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 11.85 and a beta of 1.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The company has a 50 day simple moving average of $97.38 and a 200 day simple moving average of $88.77.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.46 by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm’s revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.60 earnings per share. As a group, research analysts predict that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were paid a $0.26 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.99%. Century Communities’s dividend payout ratio (DPR) is currently 11.54%.

Insider Activity

In other news, Director John P. Box sold 11,282 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, the director now owns 45,127 shares in the company, valued at $4,515,858.89. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director John P. Box sold 11,282 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, the director now owns 45,127 shares in the company, valued at $4,515,858.89. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd boosted its holdings in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after purchasing an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Century Communities in the first quarter valued at about $57,000. GAMMA Investing LLC lifted its holdings in Century Communities by 42.5% during the 1st quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock worth $87,000 after buying an additional 270 shares during the last quarter. Signaturefd LLC lifted its holdings in Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Century Communities during the 2nd quarter worth approximately $162,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.