Truvestments Capital LLC Sells 5,642 Shares of Century Communities, Inc. $CCS

Key Points

• Truvestments Capital LLC reduced its stake in Century Communities, Inc. by 60%, selling 5,642 shares for a total of 3,761 shares valued at $252,000.
• Several large investors, such as US Bancorp DE and Boston Partners, recently increased their positions in Century Communities, with US Bancorp DE boosting its stake by 142.3%.
• The company announced a quarterly dividend of $0.29 per share, with an ex-dividend date of August 27th, reflecting a 1.8% dividend yield.

Truvestments Capital LLC trimmed its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 60.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,761 shares of the construction company's stock after selling 5,642 shares during the quarter. Truvestments Capital LLC's holdings in Century Communities were worth $252,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Century Communities by 60.3% in 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 in the last quarter. Janney Montgomery Scott LLC purchased a new position in Century Communities during the first quarter valued at $423,000. Principal Financial Group Inc. raised its stake in Century Communities by 1.4% during the first quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock valued at $9,107,000 after buying an additional 1,870 shares during the last quarter. SG Americas Securities LLC purchased a new position in Century Communities during the first quarter valued at $982,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Century Communities by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company's stock valued at $3,364,000 after buying an additional 3,036 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

CCS has been the subject of a number of recent research reports. B. Riley initiated coverage on Century Communities in a research note on Monday, June 30th. They set a "buy" rating and a $70.00 price objective for the company. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Zacks Research cut Century Communities from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $85.00.

Century Communities Stock Performance

Century Communities stock traded down $1.53 during trading on Tuesday, reaching $64.35. The company had a trading volume of 222,778 shares, compared to its average volume of 424,980. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $108.42. The firm's 50-day simple moving average is $61.12 and its 200 day simple moving average is $60.93. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 7.86 and a beta of 1.46. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $910.70 million. During the same period last year, the firm earned $2.65 EPS. Century Communities's revenue for the quarter was down 1.7% compared to the same quarter last year. Sell-side analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is currently 14.16%.

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.