Foster & Motley Inc. Sells 2,769 Shares of Century Communities, Inc. (NYSE:CCS)

Foster & Motley Inc. decreased its stake in shares of Century Communities, Inc. (NYSE:CCS) by 36.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,909 shares of the construction company’s stock after selling 2,769 shares during the period. Foster & Motley Inc.’s holdings in Century Communities were worth $506,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in Century Communities by 3.6% during the third quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock worth $956,000 after acquiring an additional 319 shares during the last quarter. CWC Advisors LLC. bought a new position in shares of Century Communities during the third quarter worth approximately $446,000. Assenagon Asset Management S.A. lifted its holdings in Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after purchasing an additional 295,729 shares during the last quarter. Ausbil Investment Management Ltd bought a new stake in Century Communities in the 3rd quarter valued at $618,000. Finally, Signaturefd LLC grew its holdings in Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after buying an additional 161 shares in 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, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the transaction, the chief executive officer now owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Century Communities news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the sale, the director now owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the transaction, the chief executive officer now owns 477,931 shares of the company’s stock, valued at $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.70% of the company’s stock.

Century Communities Stock Performance

CCS opened at $89.50 on Friday. The firm has a market cap of $2.80 billion, a P/E ratio of 8.92 and a beta of 1.87. The business’s fifty day moving average is $97.59 and its 200-day moving average is $91.06. Century Communities, Inc. has a 52-week low of $67.49 and a 52-week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the firm earned $2.58 EPS. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. Sell-side analysts expect that Century Communities, Inc. will post 10.88 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s payout ratio is presently 10.37%.

Analysts Set New Price Targets

CCS has been the subject of a number of research reports. Wedbush lifted their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday. Finally, B. Riley reaffirmed a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

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.