CWC Advisors LLC. Invests $446,000 in Century Communities, Inc. (NYSE:CCS)

CWC Advisors LLC. purchased a new stake in Century Communities, Inc. (NYSE:CCS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,328 shares of the construction company’s stock, valued at approximately $446,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCS. Covestor Ltd lifted its holdings in shares of Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after purchasing an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Century Communities during the first quarter valued at $57,000. GAMMA Investing LLC lifted its stake in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares in the last quarter. Signaturefd LLC boosted its position in Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after acquiring an additional 115 shares during the period. Finally, Innealta Capital LLC acquired a new stake in Century Communities during the 2nd quarter worth about $162,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CCS. B. Riley reissued a “buy” rating and issued a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday. Wedbush upped their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday.

Century Communities Stock Performance

Shares of NYSE CCS opened at $90.33 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. Century Communities, Inc. has a one year low of $59.69 and a one year high of $108.42. The business’s 50-day moving average price is $99.15 and its two-hundred day moving average price is $90.57. The company has a market capitalization of $2.87 billion, a P/E ratio of 10.02 and a beta of 1.85.

Century Communities (NYSE:CCS) last announced its quarterly 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 return on equity of 14.00% and a net margin of 7.90%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business posted $2.58 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Analysts anticipate that Century Communities, Inc. will post 10.98 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.15%. Century Communities’s dividend payout ratio (DPR) is 11.54%.

Insider Activity

In related news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction that occurred 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 transaction, the chief executive officer now owns 477,931 shares of the company’s stock, valued at $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Box sold 11,282 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is 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.