Century Communities, Inc. (NYSE:CCS) Sees Significant Decline in Short Interest

Century Communities, Inc. (NYSE:CCS) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 1,772,609 shares, a decrease of 15.7% from the January 15th total of 2,102,164 shares. Currently, 7.0% of the shares of the company are short sold. Based on an average daily volume of 286,411 shares, the days-to-cover ratio is currently 6.2 days. Based on an average daily volume of 286,411 shares, the days-to-cover ratio is currently 6.2 days. Currently, 7.0% of the shares of the company are short sold.

Insider Transactions at Century Communities

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $40,686,795.28. The trade was a 15.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.60% of the stock is owned by corporate insiders.

Institutional Trading of Century Communities

Several large investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after buying an additional 411 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of Century Communities in the second quarter valued at approximately $39,000. EverSource Wealth Advisors LLC lifted its stake in shares of Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after buying an additional 465 shares during the period. Jones Financial Companies Lllp raised its holdings in Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of Century Communities by 37.3% during the third quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after purchasing an additional 447 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CCS shares. Citigroup started coverage on shares of Century Communities in a research note on Wednesday, January 21st. They set an “outperform” rating for the company. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Citizens Jmp began coverage on Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Finally, B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.75.

Century Communities Stock Up 3.6%

CCS stock opened at $74.89 on Monday. Century Communities has a 52 week low of $50.42 and a 52 week high of $76.00. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The company has a market cap of $2.18 billion, a P/E ratio of 15.41 and a beta of 1.57. The company’s 50-day moving average price is $64.29 and its 200 day moving average price is $63.27.

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

Century Communities Increases Dividend

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

Century Communities Company Profile

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.