Ausbil Investment Management Ltd Invests $618,000 in Century Communities, Inc. (NYSE:CCS)

Ausbil Investment Management Ltd purchased a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,006 shares of the construction company's stock, valued at approximately $618,000.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd raised its holdings in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company's stock worth $26,000 after purchasing an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Century Communities during the first quarter worth $57,000. Signaturefd LLC raised its stake in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock worth $93,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock valued at $108,000 after buying an additional 287 shares during the period. Finally, Innealta Capital LLC bought a new stake in Century Communities during the second quarter valued at $162,000. Institutional investors own 99.54% of the company's stock.

Insiders Place Their Bets

In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the director now owns 45,127 shares of the company's stock, valued at approximately $4,515,858.89. The trade was 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 accessible through this link. Also, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Corporate insiders own 11.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CCS shares. Wedbush lifted 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. 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 note on Thursday.

Century Communities Stock Up 2.6 %

Shares of Century Communities stock traded up $2.35 during trading on Thursday, reaching $93.84. 715,999 shares of the company traded hands, compared to its average volume of 300,991. The firm has a market capitalization of $2.98 billion, a PE ratio of 10.50 and a beta of 1.85. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $108.42. The company has a 50 day moving average price of $99.18 and a 200-day moving average price of $90.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.19. The firm had revenue of $1.02 billion for 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 business's quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share. As a group, equities research analysts expect that Century Communities, Inc. will post 10.98 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were issued a $0.26 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 annualized dividend and a yield of 1.11%. Century Communities's payout ratio is currently 11.54%.

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.