Insider Buying: Century Communities, Inc. (NYSE:CCS) Director Acquires $27,340.00 in Stock

Century Communities, Inc. (NYSE:CCS) Director Elisa Z. Ramirez acquired 500 shares of Century Communities stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the purchase, the director now directly owns 8,981 shares of the company’s stock, valued at $491,081.08. This represents a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Century Communities Price Performance

CCS stock opened at $55.66 on Friday. The company has a market capitalization of $1.70 billion, a P/E ratio of 5.35 and a beta of 1.57. Century Communities, Inc. has a 52-week low of $52.41 and a 52-week high of $108.42. The business has a 50-day simple moving average of $61.42 and a two-hundred day simple moving average of $73.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). The firm had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Century Communities’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.22 EPS. Research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Wednesday, May 28th. Century Communities’s dividend payout ratio is currently 12.01%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CCS. Wedbush lowered their price target on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $101.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Century Communities by 8.5% in the third quarter. Barclays PLC now owns 76,114 shares of the construction company’s stock worth $7,837,000 after buying an additional 5,981 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Century Communities by 24.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 11,548 shares of the construction company’s stock valued at $847,000 after purchasing an additional 2,269 shares during the period. Park Avenue Securities LLC grew its position in shares of Century Communities by 26.3% during the 4th quarter. Park Avenue Securities LLC now owns 4,400 shares of the construction company’s stock valued at $323,000 after purchasing an additional 916 shares in the last quarter. KBC Group NV increased its holdings in shares of Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Century Communities in the fourth quarter worth $142,000. 99.54% of the stock is owned by institutional investors.

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.