Bank of America Corp DE Cuts Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Bank of America Corp DE lessened its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,311 shares of the construction company's stock after selling 27,629 shares during the quarter. Bank of America Corp DE owned approximately 0.28% of Century Communities worth $6,258,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Benjamin Edwards Inc. raised its holdings in Century Communities by 11.2% in the 4th quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock valued at $412,000 after buying an additional 565 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Century Communities by 60.4% in the 4th quarter. BNP Paribas Financial Markets now owns 67,143 shares of the construction company's stock valued at $4,926,000 after buying an additional 25,279 shares during the last quarter. Algert Global LLC raised its holdings in Century Communities by 13.8% in the 4th quarter. Algert Global LLC now owns 163,075 shares of the construction company's stock valued at $11,963,000 after buying an additional 19,828 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Century Communities in the 4th quarter valued at approximately $226,000. Finally, Freestone Grove Partners LP bought a new position in Century Communities in the 4th quarter valued at approximately $211,000. Institutional investors own 99.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CCS shares. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush lowered their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $101.33.

Century Communities Trading Down 2.1%

Century Communities stock traded down $1.09 during mid-day trading on Friday, hitting $51.87. 449,933 shares of the stock were exchanged, compared to its average volume of 373,450. The firm's fifty day simple moving average is $57.98 and its two-hundred day simple moving average is $70.20. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 4.99 and a beta of 1.57. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 12 month low of $51.07 and a 12 month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The company had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The business's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 EPS. Analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.24%. Century Communities's dividend payout ratio is currently 12.01%.

Insider Activity

In other Century Communities news, Director Elisa Z. Ramirez purchased 1,500 shares of the firm's stock in a transaction on Monday, April 28th. The stock was acquired at an average price of $53.86 per share, for a total transaction of $80,790.00. Following the purchase, the director now owns 8,481 shares of the company's stock, valued at $456,786.66. This trade represents a 21.49% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 2,400 shares of company stock worth $130,426 in the last quarter. 12.60% of the stock is owned by corporate insiders.

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.