Century Communities (NYSE:CCS) Shares Gap Down - Here's What Happened

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $91.32, but opened at $87.66. Century Communities shares last traded at $85.68, with a volume of 31,519 shares.

Analyst Ratings Changes

CCS has been the subject of several research analyst reports. Wedbush increased their price objective on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. B. Riley reiterated a "buy" rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Century Communities Stock Down 1.6 %

The firm has a 50 day moving average of $99.10 and a two-hundred day moving average of $90.69. The stock has a market capitalization of $2.86 billion, a PE ratio of 9.49 and a beta of 1.85. 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 (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter last year, the business posted $2.58 earnings per share. The business's revenue for the quarter was up 23.7% on a year-over-year basis. Equities research analysts anticipate that Century Communities, Inc. will post 10.98 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Wednesday, August 28th. Century Communities's payout ratio is currently 11.54%.

Insider Buying and Selling at Century Communities

In other news, Director John P. Box sold 11,282 shares of the firm's stock in a transaction that occurred on 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 directly owns 45,127 shares of the company's stock, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Robert J. Francescon sold 50,000 shares of the business'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 completion of the transaction, the chief executive officer now owns 477,931 shares of the company's stock, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Box sold 11,282 shares of the firm'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 sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Century Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Century Communities by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company's stock worth $196,269,000 after purchasing an additional 13,861 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock valued at $72,122,000 after buying an additional 89,310 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company's stock worth $37,302,000 after buying an additional 295,729 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Century Communities by 2.4% in the 1st quarter. Clearbridge Investments LLC now owns 291,475 shares of the construction company's stock worth $28,127,000 after buying an additional 6,895 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Century Communities by 84.9% in the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock valued at $11,740,000 after acquiring an additional 66,029 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

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.