Century Communities (NYSE:CCS) Stock Price Down 5.2% – Should You Sell?

Shares of Century Communities, Inc. (NYSE:CCS) were down 5.2% on Monday . The company traded as low as $97.03 and last traded at $97.55. Approximately 98,528 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 297,742 shares. The stock had previously closed at $102.90.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCS shares. Wedbush boosted their price target on Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. B. Riley boosted their target price on shares of Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday, July 25th.

Century Communities Trading Down 6.3 %

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $99.05 and its 200-day moving average price is $90.43. The stock has a market capitalization of $3.07 billion, a PE ratio of 10.73 and a beta of 1.85.

Century Communities (NYSE:CCS) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. On average, sell-side analysts expect that Century Communities, Inc. will post 10.98 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.08%. Century Communities’s dividend payout ratio is 11.54%.

Insider Buying and Selling at Century Communities

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCS. Everence Capital Management Inc. purchased a new position in shares of Century Communities in the 3rd quarter worth approximately $237,000. Allspring Global Investments Holdings LLC increased its position in Century Communities by 26.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 87,914 shares of the construction company’s stock valued at $9,053,000 after acquiring an additional 18,342 shares during the last quarter. Vest Financial LLC raised its stake in shares of Century Communities by 4.1% in the third quarter. Vest Financial LLC now owns 14,280 shares of the construction company’s stock valued at $1,471,000 after acquiring an additional 559 shares during the period. ZWJ Investment Counsel Inc. bought a new stake in shares of Century Communities in the 3rd quarter worth about $217,000. Finally, Creative Planning boosted its stake in shares of Century Communities by 53.8% during the 3rd quarter. Creative Planning now owns 9,713 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 3,397 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.