Dale Francescon Sells 100,100 Shares of Century Communities (NYSE:CCS) Stock

Century Communities, Inc. (NYSE:CCS) Chairman Dale Francescon sold 100,100 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the transaction, the chairman directly owned 561,662 shares in the company, valued at $40,686,795.28. The trade was a 15.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Century Communities Stock Up 3.6%

CCS stock opened at $74.89 on Friday. The company has a 50 day moving average of $64.29 and a two-hundred day moving average of $63.22. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 15.41 and a beta of 1.58. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $76.00. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $3.54 earnings per share. Century Communities’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.32 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. Century Communities’s dividend payout ratio (DPR) is 23.87%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CCS. Citigroup started coverage on Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating for the company. B. Riley Financial reissued a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Citizens Jmp started coverage on shares of Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $74.75.

Institutional Trading of Century Communities

Hedge funds and other institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after buying an additional 411 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of Century Communities during the second quarter valued at $39,000. EverSource Wealth Advisors LLC boosted its holdings in Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares during the last quarter. Jones Financial Companies Lllp increased its position in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares during the period. Finally, State of Wyoming increased its position in Century Communities by 37.3% in the third quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after purchasing an additional 447 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.