14,000 Shares in Century Communities, Inc. (NYSE:CCS) Bought by Pacific Point Advisors LLC

Pacific Point Advisors LLC acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,000 shares of the construction company’s stock, valued at approximately $1,027,000.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after buying an additional 569 shares during the period. Sterling Capital Management LLC raised its stake in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after buying an additional 688 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Century Communities in the 4th quarter valued at $74,000. KBC Group NV raised its stake in shares of Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Century Communities in the 4th quarter valued at $142,000. 99.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Century Communities Stock Down 0.2%

Shares of NYSE:CCS opened at $52.01 on Friday. Century Communities, Inc. has a 12 month low of $51.07 and a 12 month high of $108.42. The company’s 50-day moving average price is $59.96 and its two-hundred day moving average price is $71.82. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.59 billion, a P/E ratio of 5.00 and a beta of 1.57.

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

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities’s dividend payout ratio is currently 12.01%.

Insiders Place Their Bets

In related news, Director Elisa Z. Ramirez acquired 500 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $54.68 per share, with a total value of $27,340.00. Following the acquisition, the director now directly owns 8,981 shares in the company, valued at $491,081.08. The trade was a 5.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders have purchased a total of 2,400 shares of company stock valued at $130,426 in the last 90 days. 11.90% of the stock is currently owned by insiders.

Century Communities Company 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.