Allspring Global Investments Holdings LLC Purchases 18,342 Shares of Century Communities, Inc. (NYSE:CCS)

Allspring Global Investments Holdings LLC boosted its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 26.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,914 shares of the construction company's stock after buying an additional 18,342 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.28% of Century Communities worth $9,053,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd boosted its stake in Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company's stock worth $26,000 after buying an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Century Communities during the 1st quarter worth $57,000. Signaturefd LLC increased its holdings in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC raised its position 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 purchasing an additional 287 shares during the period. Finally, Innealta Capital LLC purchased a new position in Century Communities in the second quarter valued at about $162,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Insiders Place Their Bets

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, CEO Robert J. Francescon sold 50,000 shares of the firm's stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Box sold 11,282 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, 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 disclosure for this sale can be found here. Corporate insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CCS. B. Riley reissued a "buy" rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research report on Thursday. Wedbush boosted their price objective on shares of Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday.

Century Communities Trading Down 3.8 %

Shares of CCS traded down $3.53 during midday trading on Friday, hitting $90.35. The stock had a trading volume of 263,686 shares, compared to its average volume of 300,811. The business has a 50-day simple moving average of $99.15 and a two-hundred day simple moving average of $90.58. The firm has a market cap of $2.87 billion, a P/E ratio of 10.03 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, Inc. has a fifty-two week low of $59.69 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The firm's revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 earnings per share. As a group, equities analysts forecast that Century Communities, Inc. will post 10.98 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were given a $0.26 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $1.04 annualized dividend and a yield of 1.15%. Century Communities's dividend payout ratio (DPR) 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.