Northern Trust Corp Sells 7,009 Shares of Century Communities, Inc. $CCS

Northern Trust Corp lowered its stake in shares of Century Communities, Inc. (NYSE:CCS) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 336,437 shares of the construction company’s stock after selling 7,009 shares during the period. Northern Trust Corp owned 1.10% of Century Communities worth $22,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock worth $26,000 after purchasing an additional 331 shares in the last quarter. US Bancorp DE raised its stake in shares of Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Covestor Ltd raised its stake in Century Communities by 104.5% in the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock valued at $73,000 after acquiring an additional 555 shares during the period. GAMMA Investing LLC raised its stake in Century Communities by 60.3% in the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company’s stock valued at $106,000 after acquiring an additional 594 shares during the period. Finally, Headlands Technologies LLC raised its stake in Century Communities by 172.4% in the 1st quarter. Headlands Technologies LLC now owns 2,740 shares of the construction company’s stock valued at $184,000 after acquiring an additional 1,734 shares during the period. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of NYSE CCS opened at $65.91 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. The stock’s fifty day moving average price is $60.90 and its two-hundred day moving average price is $60.99. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 8.05 and a beta of 1.46.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. During the same period in the prior year, the firm posted $2.65 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 27th. Century Communities’s dividend payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

CCS has been the topic of a number of research analyst reports. Zacks Research cut Century Communities from a “hold” rating to a “strong sell” rating in a research note on Thursday. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Finally, B. Riley initiated coverage on Century Communities in a research note on Monday, June 30th. They issued a “buy” rating and a $70.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.