Ausbil Investment Management Ltd Buys Shares of 6,006 Century Communities, Inc. (NYSE:CCS)

Ausbil Investment Management Ltd purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,006 shares of the construction company’s stock, valued at approximately $618,000.

Other institutional investors have also made changes to their positions in the company. UniSuper Management Pty Ltd bought a new stake in Century Communities in the first quarter worth approximately $641,000. Public Employees Retirement System of Ohio raised its holdings in Century Communities by 50.2% during the first quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock valued at $3,778,000 after buying an additional 13,091 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of Century Communities by 46.0% in the first quarter. First Eagle Investment Management LLC now owns 93,678 shares of the construction company’s stock worth $9,040,000 after buying an additional 29,500 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Century Communities by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after acquiring an additional 13,861 shares in the last quarter. Finally, Caxton Associates LP boosted its stake in shares of Century Communities by 111.6% during the 1st quarter. Caxton Associates LP now owns 14,837 shares of the construction company’s stock worth $1,432,000 after acquiring an additional 7,824 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCS has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research report on Thursday. Wedbush raised their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday.

Insider Transactions at Century Communities

In other news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 477,931 shares in the company, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the transaction, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Century Communities Stock Performance

NYSE:CCS traded up $2.90 during mid-day trading on Thursday, hitting $94.39. 225,577 shares of the company’s stock traded hands, compared to its average volume of 298,453. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 10.51 and a beta of 1.85. The firm has a 50 day moving average of $99.18 and a two-hundred day moving average of $90.53. 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, Inc. has a 12 month low of $58.01 and a 12 month high of $108.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.19. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.60 earnings per share. On average, equities analysts forecast 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 was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a yield of 1.10%. Century Communities’s payout ratio is currently 11.54%.

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.