LPL Financial LLC lessened its stake in Century Communities, Inc. (NYSE:CCS – Free Report) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,181 shares of the construction company’s stock after selling 505 shares during the quarter. LPL Financial LLC’s holdings in Century Communities were worth $780,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CCS. Wasatch Advisors LP acquired a new position in shares of Century Communities in the 1st quarter valued at $32,942,000. Victory Capital Management Inc. raised its stake in shares of Century Communities by 340.6% in the 4th quarter. Victory Capital Management Inc. now owns 363,829 shares of the construction company’s stock valued at $18,195,000 after acquiring an additional 281,249 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Century Communities in the 1st quarter valued at $13,789,000. Renaissance Technologies LLC raised its stake in shares of Century Communities by 163.6% in the 1st quarter. Renaissance Technologies LLC now owns 247,654 shares of the construction company’s stock valued at $13,267,000 after acquiring an additional 153,700 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Century Communities by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,612,489 shares of the construction company’s stock valued at $166,985,000 after acquiring an additional 143,953 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on CCS shares. StockNews.com started coverage on shares of Century Communities in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Wedbush cut their target price on shares of Century Communities from $89.00 to $81.00 and set an “outperform” rating on the stock in a research note on Thursday, October 26th. Finally, B. Riley raised their target price on shares of Century Communities from $82.00 to $92.00 in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.67.
Century Communities Stock Performance
Century Communities stock opened at $71.97 on Tuesday. Century Communities, Inc. has a 12-month low of $45.36 and a 12-month high of $82.70. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 9.36 and a beta of 1.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average price is $65.72 and its 200 day moving average price is $69.64.
Century Communities (NYSE:CCS – Get Free Report) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.99. Century Communities had a net margin of 6.75% and a return on equity of 11.55%. The firm had revenue of $889.42 million for the quarter, compared to the consensus estimate of $801.87 million. On average, research analysts forecast that Century Communities, Inc. will post 7.44 EPS for the current fiscal year.
Century Communities Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, November 28th. Century Communities’s dividend payout ratio (DPR) is 11.96%.
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.
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