Century Communities (NYSE:CCS) Stock Price Down 5.2% – Here’s What Happened

Century Communities, Inc. (NYSE:CCS) shares fell 5.2% during mid-day trading on Monday . The stock traded as low as $97.03 and last traded at $97.55. 98,528 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 297,742 shares. The stock had previously closed at $102.90.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCS. Wedbush lifted their price objective on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. B. Riley lifted their price target on shares of Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Thursday, July 25th.

Century Communities Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The company has a fifty day moving average price of $99.19 and a 200 day moving average price of $90.53. The stock has a market cap of $2.91 billion, a P/E ratio of 10.27 and a beta of 1.85.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The business’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 earnings per share. On average, equities analysts expect that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. Century Communities’s dividend payout ratio is presently 11.54%.

Insider Activity at Century Communities

In related news, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the sale, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director John P. Box sold 11,282 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the 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 sale, the chief executive officer now directly 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. 11.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its position in Century Communities by 11.2% in the second 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. Covestor Ltd grew its holdings in Century Communities by 95.0% during 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 during the period. Arizona State Retirement System increased its position in Century Communities by 1.9% in the second quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after buying an additional 147 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Century Communities by 0.5% in the first quarter. Essex Investment Management Co. LLC now owns 28,174 shares of the construction company’s stock valued at $2,719,000 after buying an additional 151 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in shares of Century Communities by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock valued at $231,000 after buying an additional 172 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

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.