Los Angeles Capital Management LLC Buys 16,024 Shares of Century Communities, Inc. (NYSE:CCS)

Los Angeles Capital Management LLC boosted its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 307.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,235 shares of the construction company's stock after purchasing an additional 16,024 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of Century Communities worth $2,187,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CCS. Signaturefd LLC boosted its position in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after acquiring an additional 115 shares during the last quarter. Covestor Ltd lifted its stake in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company's stock valued at $26,000 after buying an additional 133 shares during the period. Arizona State Retirement System grew its position in shares of Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company's stock worth $654,000 after buying an additional 147 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Century Communities by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company's stock worth $231,000 after purchasing an additional 172 shares during the period. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Century Communities by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company's stock valued at $796,000 after purchasing an additional 186 shares during the period. 99.54% of the stock is owned by institutional investors.

Century Communities Stock Up 2.4 %

NYSE CCS traded up $2.04 on Thursday, reaching $87.68. The company had a trading volume of 474,297 shares, compared to its average volume of 299,887. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The company's fifty day moving average is $96.78 and its 200 day moving average is $91.34. Century Communities, Inc. has a 52-week low of $70.82 and a 52-week high of $108.42. The stock has a market capitalization of $2.75 billion, a P/E ratio of 8.54 and a beta of 1.87.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $2.58 EPS. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate that Century Communities, Inc. will post 10.88 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.19%. Century Communities's dividend payout ratio (DPR) is presently 10.37%.

Analysts Set New Price Targets

CCS has been the topic of a number of research reports. Wedbush upped their price target on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a report on Thursday, November 7th. Finally, B. Riley restated a "buy" rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Insider Activity

In other Century Communities news, Director John P. Box sold 11,282 shares of the business's stock in a transaction 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 sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the transaction, the chief executive officer now owns 477,931 shares of the company's stock, valued at $44,275,527.84. The trade was a 9.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

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.