Century Communities, Inc. (NYSE:CCS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 11.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,113 shares of the construction company's stock after selling 17,432 shares during the quarter. Principal Financial Group Inc. owned 0.41% of Century Communities worth $13,399,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Covestor Ltd increased 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 period. GAMMA Investing LLC raised 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 acquiring an additional 287 shares in the last quarter. Signaturefd LLC raised its holdings in Century Communities by 11.2% in 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 in the last quarter. Innealta Capital LLC purchased a new position in Century Communities in the second quarter worth approximately $162,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Century Communities in the 1st quarter valued at approximately $202,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Insider Activity

In other news, Director John P. Box sold 11,282 shares of the business's stock in a transaction that occurred 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 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.90% of the company's stock.

Century Communities Stock Down 1.7 %

Shares of NYSE:CCS traded down $1.45 during trading on Friday, hitting $86.23. 214,340 shares of the company were exchanged, compared to its average volume of 307,861. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The firm's 50 day moving average price is $96.41 and its 200-day moving average price is $91.44. The stock has a market capitalization of $2.70 billion, a P/E ratio of 8.60 and a beta of 1.87. Century Communities, Inc. has a 12-month low of $70.82 and a 12-month high of $108.42.

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 the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company posted $2.58 earnings per share. The business's quarterly revenue was up 23.7% compared to the same quarter last year. On average, research analysts predict that Century Communities, Inc. will post 10.88 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company 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. This represents a $1.04 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, November 27th. Century Communities's dividend payout ratio is currently 10.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCS shares. B. Riley reaffirmed a "buy" rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush raised their price target on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Finally, StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th.

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.