Bank of New York Mellon Corp Lowers Stake in Century Communities, Inc. (NYSE:CCS)

Bank of New York Mellon Corp reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 313,676 shares of the construction company’s stock after selling 9,211 shares during the period. Bank of New York Mellon Corp owned approximately 0.99% of Century Communities worth $25,615,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Covestor Ltd boosted 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 acquiring an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Century Communities in the first quarter valued at about $57,000. GAMMA Investing LLC boosted its holdings in shares of Century Communities by 42.5% in the first quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock valued at $87,000 after acquiring an additional 270 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Century Communities in the first quarter valued at about $202,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Century Communities in the fourth quarter valued at about $215,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Down 0.3 %

CCS stock opened at $95.89 on Thursday. The company has a market cap of $3.05 billion, a P/E ratio of 10.64 and a beta of 1.85. Century Communities, Inc. has a 52 week low of $58.01 and a 52 week high of $107.90. The company’s 50-day moving average price is $92.66 and its 200 day moving average price is $87.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

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

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, August 28th. Century Communities’s payout ratio is currently 11.54%.

Wall Street Analysts Forecast Growth

CCS has been the topic of several analyst reports. Wedbush lifted their target price on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. B. Riley boosted their price objective on shares of Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Thursday, July 25th.

Insiders Place Their Bets

In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The shares were 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 in the company, valued at $44,275,527.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The shares were 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 in the company, valued at $44,275,527.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Box sold 11,282 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company 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.