Heartland Advisors Inc. Reduces Position in Century Communities, Inc. (NYSE:CCS)

Heartland Advisors Inc. reduced its stake in Century Communities, Inc. (NYSE:CCS) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 157,999 shares of the construction company’s stock after selling 3,585 shares during the period. Heartland Advisors Inc.’s holdings in Century Communities were worth $11,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Century Communities in the third quarter valued at approximately $51,000. Smartleaf Asset Management LLC grew its holdings in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after buying an additional 569 shares during the last quarter. KBC Group NV increased its position in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after acquiring an additional 403 shares during the period. R Squared Ltd purchased a new stake in Century Communities during the 4th quarter valued at approximately $142,000. Finally, Daiwa Securities Group Inc. acquired a new stake in Century Communities during the 3rd quarter worth approximately $144,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Down 0.5 %

CCS opened at $69.18 on Friday. Century Communities, Inc. has a one year low of $66.07 and a one year high of $108.42. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 6.65 and a beta of 2.10. The business’s fifty day moving average is $72.64 and its two-hundred day moving average is $83.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 1.68%. Century Communities’s dividend payout ratio (DPR) is presently 11.15%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CCS. Wedbush reissued a “neutral” rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and cut their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $103.00.

Century Communities 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.