First Eagle Investment Management LLC Acquires 22,450 Shares of Century Communities, Inc. $CCS

First Eagle Investment Management LLC grew its holdings in Century Communities, Inc. (NYSE:CCS) by 10.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 240,940 shares of the construction company’s stock after acquiring an additional 22,450 shares during the quarter. First Eagle Investment Management LLC’s holdings in Century Communities were worth $14,300,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCS. EverSource Wealth Advisors LLC boosted its position in shares of Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares during the period. Jones Financial Companies Lllp raised its stake in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares in the last quarter. State of Wyoming raised its stake in Century Communities by 37.3% in the third quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock valued at $104,000 after purchasing an additional 447 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Century Communities in the third quarter valued at about $119,000. Finally, Lazard Asset Management LLC raised its stake in Century Communities by 7.8% in the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Dale Francescon sold 100,100 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the transaction, the chairman owned 561,662 shares of the company’s stock, valued at $40,686,795.28. This represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 13.70% of the company’s stock.

Century Communities Stock Up 0.5%

Shares of NYSE CCS opened at $55.30 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 12.45 and a beta of 1.37. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $76.00. The stock has a 50-day moving average price of $58.85 and a two-hundred day moving average price of $62.08.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.61 by $0.27. The firm had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The business’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 earnings per share. As a group, analysts forecast that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.28 annualized dividend and a yield of 2.3%. Century Communities’s payout ratio is presently 28.83%.

Analyst Ratings Changes

A number of research analysts recently commented on CCS shares. Citizens Jmp started coverage on Century Communities in a research note on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price target for the company. Citigroup started coverage on Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating for the company. B. Riley Financial downgraded Century Communities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Century Communities has an average rating of “Hold” and a consensus target price of $67.00.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.