Foster & Motley Inc. Has $506,000 Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Foster & Motley Inc. lowered its position in shares of Century Communities, Inc. (NYSE:CCS) by 36.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,909 shares of the construction company’s stock after selling 2,769 shares during the quarter. Foster & Motley Inc.’s holdings in Century Communities were worth $506,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Century Communities by 3.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock valued at $956,000 after buying an additional 319 shares during the period. CWC Advisors LLC. acquired a new position in Century Communities in the third quarter valued at about $446,000. Assenagon Asset Management S.A. increased its holdings in shares of Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after acquiring an additional 295,729 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of Century Communities during the third quarter worth about $618,000. Finally, Signaturefd LLC lifted its holdings in shares of Century Communities by 14.1% during the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Trading Down 0.0 %

NYSE CCS opened at $89.50 on Friday. Century Communities, Inc. has a 52 week low of $67.49 and a 52 week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50 day moving average price is $97.59 and its two-hundred day moving average price is $91.06. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 8.92 and a beta of 1.87.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 earnings per share. As a group, analysts anticipate that Century Communities, Inc. will post 10.88 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities’s payout ratio is 10.37%.

Insider Activity at Century Communities

In other Century Communities news, Director John P. Box sold 11,282 shares of the firm’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 in the company, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction dated 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 approximately $44,275,527.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated 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 transaction, the director now owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCS. Wedbush increased their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. B. Riley reissued a “buy” rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday.

Century Communities 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.