Royce & Associates LP Has $3.38 Million Stock Position in Century Communities, Inc. $CCS

Royce & Associates LP lowered its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 45.2% in the third quarter, HoldingsChannel reports. The firm owned 53,329 shares of the construction company’s stock after selling 43,970 shares during the period. Royce & Associates LP’s holdings in Century Communities were worth $3,379,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in Century Communities by 7.8% in the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after buying an additional 173 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Century Communities by 8.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the construction company’s stock worth $159,000 after acquiring an additional 185 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Century Communities by 4.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,917 shares of the construction company’s stock valued at $312,000 after acquiring an additional 191 shares during the period. Citizens Financial Group Inc. RI raised its stake in Century Communities by 4.1% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 8,414 shares of the construction company’s stock valued at $474,000 after acquiring an additional 329 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Century Communities by 5.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,902 shares of the construction company’s stock valued at $389,000 after purchasing an additional 382 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Insider Buying and Selling at Century Communities

In other news, Chairman Dale Francescon sold 100,100 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the sale, the chairman directly owned 561,662 shares of the company’s stock, valued at approximately $40,686,795.28. This represents a 15.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.90% of the company’s stock.

Century Communities Price Performance

Shares of Century Communities stock opened at $63.20 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 13.00 and a beta of 1.54. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $76.00. The company has a 50-day simple moving average of $66.52 and a two-hundred day simple moving average of $63.98.

Century Communities (NYSE:CCS) last announced its 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. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm earned $3.54 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.28 annualized dividend and a yield of 2.0%. This is a boost from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s payout ratio is presently 26.34%.

Analyst Upgrades and Downgrades

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