Century Communities, Inc. (NYSE:CCS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,655 shares of the construction company’s stock after selling 1,833 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Century Communities worth $2,230,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CCS. Royce & Associates LP raised its position in Century Communities by 1.6% during the 3rd quarter. Royce & Associates LP now owns 63,809 shares of the construction company’s stock worth $6,571,000 after buying an additional 980 shares during the last quarter. Aigen Investment Management LP raised its position in Century Communities by 34.8% during the 3rd quarter. Aigen Investment Management LP now owns 4,061 shares of the construction company’s stock worth $418,000 after buying an additional 1,048 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in Century Communities by 10.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 18,653 shares of the construction company’s stock worth $1,921,000 after buying an additional 1,717 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Century Communities by 307.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,235 shares of the construction company’s stock worth $2,187,000 after buying an additional 16,024 shares during the last quarter. Finally, Summit Global Investments raised its position in Century Communities by 72.1% during the 3rd quarter. Summit Global Investments now owns 12,845 shares of the construction company’s stock worth $1,323,000 after buying an additional 5,380 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Price Performance

Century Communities stock opened at $90.80 on Thursday. The firm’s 50-day moving average is $94.58 and its two-hundred day moving average is $91.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities, Inc. has a 12-month low of $70.82 and a 12-month high of $108.42. The stock has a market capitalization of $2.85 billion, a P/E ratio of 9.05 and a beta of 1.87.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the company earned $2.58 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts predict that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. Century Communities’s dividend payout ratio is currently 10.37%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Wednesday. Wedbush raised their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, B. Riley restated a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Insider Activity

In related news, 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 value of $1,128,989.74. Following the completion of the sale, the director now owns 45,127 shares in the company, valued at approximately $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.70% of the company’s stock.

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.