M&G PLC Acquires Shares of 196,425 Century Communities, Inc. $CCS

M&G PLC bought a new stake in shares of Century Communities, Inc. (NYSE:CCS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 196,425 shares of the construction company’s stock, valued at approximately $11,000,000. M&G PLC owned approximately 0.66% of Century Communities at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CCS. Vanguard Group Inc. lifted its position in shares of Century Communities by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company’s stock valued at $133,749,000 after acquiring an additional 21,619 shares in the last quarter. Wellington Management Group LLP lifted its position in Century Communities by 32.5% during the first quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company’s stock worth $104,592,000 after buying an additional 382,408 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Century Communities by 32.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company’s stock worth $71,102,000 after buying an additional 258,245 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Century Communities by 8.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 570,335 shares of the construction company’s stock valued at $38,269,000 after buying an additional 42,809 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Century Communities by 5.0% in the 2nd quarter. Jennison Associates LLC now owns 480,475 shares of the construction company’s stock worth $27,060,000 after acquiring an additional 23,073 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CCS shares. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.00.

Century Communities Stock Performance

Shares of CCS opened at $60.26 on Thursday. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $95.76. The firm has a market cap of $1.77 billion, a PE ratio of 8.80 and a beta of 1.53. The company’s 50 day simple moving average is $62.78 and its 200-day simple moving average is $59.67. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The firm had revenue of $980.28 million for the quarter, compared to analysts’ expectations of $906.10 million. During the same quarter in the previous year, the firm posted $2.77 EPS. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. As a group, equities analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. Century Communities’s dividend payout ratio (DPR) is currently 16.93%.

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.