SG Americas Securities LLC Buys Shares of 14,639 Century Communities, Inc. (NYSE:CCS)

SG Americas Securities LLC purchased a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,639 shares of the construction company's stock, valued at approximately $982,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System increased its stake in shares of Century Communities by 22.0% during the fourth quarter. New York State Teachers Retirement System now owns 14,854 shares of the construction company's stock valued at $1,090,000 after acquiring an additional 2,675 shares during the period. Principal Securities Inc. boosted its stake in Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock valued at $156,000 after purchasing an additional 460 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Century Communities by 25.9% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,466 shares of the construction company's stock valued at $1,795,000 after purchasing an additional 5,038 shares during the period. Principal Financial Group Inc. raised its stake in shares of Century Communities by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock worth $9,820,000 after buying an additional 3,747 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Century Communities in the 4th quarter worth $211,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

NYSE:CCS traded up $0.79 during trading hours on Friday, reaching $53.11. 596,394 shares of the company's stock were exchanged, compared to its average volume of 379,519. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.62 billion, a P/E ratio of 5.50 and a beta of 1.43. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $108.42. The business's 50-day simple moving average is $54.80 and its two-hundred day simple moving average is $66.48.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The company had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.10% and a return on equity of 12.80%. Century Communities's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $2.22 EPS. Sell-side analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.18%. Century Communities's dividend payout ratio is currently 12.01%.

Insider Buying and Selling

In other news, Director Elisa Z. Ramirez acquired 1,500 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $53.86 per share, with a total value of $80,790.00. Following the purchase, the director now owns 8,481 shares of the company's stock, valued at approximately $456,786.66. This trade represents a 21.49% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders have purchased 2,400 shares of company stock valued at $130,426. 11.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wedbush lowered their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $101.33.

About Century Communities

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.