Janney Montgomery Scott LLC Invests $423,000 in Century Communities, Inc. (NYSE:CCS)

Janney Montgomery Scott LLC acquired a new position in Century Communities, Inc. (NYSE:CCS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,299 shares of the construction company's stock, valued at approximately $423,000.

A number of other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in shares of Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after buying an additional 331 shares during the last quarter. Cetera Investment Advisers boosted its stake in Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock valued at $571,000 after acquiring an additional 562 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Century Communities by 11.2% during the 4th quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company's stock valued at $412,000 after acquiring an additional 565 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after purchasing an additional 569 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Century Communities by 60.3% during the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock worth $106,000 after purchasing an additional 594 shares during the last quarter. Institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CCS shares. Wedbush dropped their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. B. Riley started coverage on Century Communities in a research report on Monday. They set a "buy" rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $85.00.

Century Communities Stock Performance

CCS traded down $1.38 on Friday, hitting $59.67. The company's stock had a trading volume of 221,653 shares, compared to its average volume of 382,662. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $108.42. The firm has a market cap of $1.82 billion, a P/E ratio of 6.18 and a beta of 1.44. 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's 50 day simple moving average is $54.46 and its 200-day simple moving average is $64.87.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 12.80% and a net margin of 7.10%. Century Communities's revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.22 earnings per share. Analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities's payout ratio is presently 12.01%.

Insider Buying and Selling

In other Century Communities news, Director Elisa Z. Ramirez acquired 1,500 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was bought at an average price of $53.86 per share, with a total value of $80,790.00. Following the completion of the purchase, the director owned 8,481 shares of the company's stock, valued at approximately $456,786.66. This represents a 21.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have purchased a total of 2,400 shares of company stock worth $130,426 over the last three months. 11.90% of the stock is currently owned by 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.