Bank of New York Mellon Corp Has $19.22 Million Position in Century Communities, Inc. (NYSE:CCS)

Bank of New York Mellon Corp lowered its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 2.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 286,479 shares of the construction company’s stock after selling 7,670 shares during the period. Bank of New York Mellon Corp owned about 0.93% of Century Communities worth $19,223,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Century Communities by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company’s stock worth $144,641,000 after buying an additional 5,375 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Century Communities by 67.3% in the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company’s stock valued at $82,200,000 after purchasing an additional 450,914 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Century Communities by 14.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company’s stock valued at $58,791,000 after purchasing an additional 99,136 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Century Communities by 51.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company’s stock valued at $49,834,000 after purchasing an additional 230,113 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Century Communities by 16.6% in the fourth quarter. Northern Trust Corp now owns 343,446 shares of the construction company’s stock valued at $25,195,000 after purchasing an additional 48,790 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, Director Elisa Z. Ramirez bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average price of $53.86 per share, with a total value of $80,790.00. Following the transaction, the director owned 8,481 shares in the company, valued at $456,786.66. This represents a 21.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 2,400 shares of company stock worth $130,426 over the last ninety days. 11.90% of the stock is owned by corporate insiders.

Century Communities Stock Performance

CCS stock opened at $59.04 on Friday. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $108.42. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.80 billion, a P/E ratio of 6.11 and a beta of 1.44. The business’s fifty day moving average is $55.71 and its 200-day moving average is $63.69.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The company had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.22 EPS. Equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were issued a $0.29 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.96%. Century Communities’s dividend payout ratio (DPR) is 12.01%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wedbush lowered their price target on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. B. Riley started coverage on shares of Century Communities in a report on Monday, June 30th. They issued a “buy” rating and a $70.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.00.

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.