Royce & Associates LP Grows Position in Century Communities, Inc. (NYSE:CCS)

Royce & Associates LP raised its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 1.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 63,809 shares of the construction company’s stock after purchasing an additional 980 shares during the period. Royce & Associates LP owned 0.20% of Century Communities worth $6,571,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CCS. Signaturefd LLC raised its stake in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares in the last quarter. Covestor Ltd raised its position in shares of Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after acquiring an additional 133 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after purchasing an additional 147 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Century Communities by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock valued at $231,000 after purchasing an additional 172 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its stake in Century Communities by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock valued at $796,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

CCS has been the topic of a number of recent analyst reports. Wedbush raised their price target 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. B. Riley restated a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th.

Insider Buying and Selling

In related news, Director John P. Box sold 11,282 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is currently owned by company insiders.

Century Communities Price Performance

Shares of CCS stock opened at $86.23 on Monday. Century Communities, Inc. has a fifty-two week low of $70.82 and a fifty-two week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 8.60 and a beta of 1.87. The stock’s 50-day simple moving average is $96.41 and its 200-day simple moving average is $91.44.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. Century Communities’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.58 EPS. As a group, equities analysts forecast that Century Communities, Inc. will post 10.88 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

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.