Century Communities (NYSE:CCS) Chairman Dale Francescon Sells 100,100 Shares of Stock

Century Communities, Inc. (NYSE:CCS) Chairman Dale Francescon sold 100,100 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the sale, the chairman owned 561,662 shares of the company’s stock, valued at $40,686,795.28. This represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Century Communities Stock Up 3.6%

Shares of NYSE:CCS traded up $2.59 during trading hours on Friday, hitting $74.89. The company’s stock had a trading volume of 372,561 shares, compared to its average volume of 310,852. The firm’s fifty day moving average price is $64.04 and its 200 day moving average price is $63.08. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $76.00. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.41 and a beta of 1.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $3.54 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.32 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, February 25th. Century Communities’s payout ratio is presently 23.87%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Century Communities by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after purchasing an additional 72,920 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in Century Communities by 26.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after purchasing an additional 282,133 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Century Communities by 32.2% during the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after acquiring an additional 254,186 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Century Communities by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock worth $38,562,000 after purchasing an additional 32,561 shares during the period. Finally, New South Capital Management Inc. boosted its holdings in shares of Century Communities by 285.1% in the 4th quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after purchasing an additional 451,187 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Citizens Jmp began coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price target on the stock. Finally, Citigroup started coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating for the company. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Century Communities currently has a consensus rating of “Hold” and an average target price of $74.75.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.