Century Communities, Inc. (NYSE:CCS) Director Buys $22,296.00 in Stock

Century Communities, Inc. (NYSE:CCS) Director Elisa Z. Ramirez bought 400 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $55.74 per share, for a total transaction of $22,296.00. Following the completion of the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $22,296. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Century Communities Stock Performance

Shares of CCS opened at $56.76 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $1.73 billion, a P/E ratio of 5.46 and a beta of 1.57. The company’s fifty day moving average is $62.06 and its two-hundred day moving average is $73.41. Century Communities, Inc. has a 1 year low of $52.41 and a 1 year high of $108.42.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share 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 analyst estimates of $914.20 million. During the same period last year, the company earned $2.22 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.04%. Century Communities’s dividend payout ratio (DPR) is presently 12.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush dropped their price objective on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.33.

Hedge Funds Weigh In On Century Communities

A number of institutional investors and hedge funds have recently made changes to their positions in CCS. Barclays PLC grew its stake in shares of Century Communities by 8.5% during the 3rd quarter. Barclays PLC now owns 76,114 shares of the construction company’s stock worth $7,837,000 after purchasing an additional 5,981 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Century Communities by 24.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 11,548 shares of the construction company’s stock valued at $847,000 after acquiring an additional 2,269 shares in the last quarter. Park Avenue Securities LLC raised its position in Century Communities by 26.3% during the fourth quarter. Park Avenue Securities LLC now owns 4,400 shares of the construction company’s stock worth $323,000 after acquiring an additional 916 shares during the last quarter. KBC Group NV raised its position in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after acquiring an additional 403 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Century Communities during the fourth quarter worth about $142,000. 99.54% of the stock is owned by institutional investors and hedge funds.

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.