Vanguard Group Inc. lifted its holdings in Century Communities, Inc. (NYSE:CCS – Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,978,050 shares of the construction company’s stock after buying an additional 72,920 shares during the quarter. Vanguard Group Inc. owned approximately 0.07% of Century Communities worth $117,397,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after buying an additional 465 shares during the period. Jones Financial Companies Lllp grew its position in shares of Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares during the period. State of Wyoming grew its position in shares of Century Communities by 37.3% in the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after buying an additional 447 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Century Communities in the 3rd quarter worth about $119,000. Finally, Lazard Asset Management LLC grew its position in shares of Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock worth $134,000 after buying an additional 173 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.
Century Communities Stock Performance
Shares of CCS stock opened at $53.13 on Wednesday. Century Communities, Inc. has a one year low of $50.42 and a one year high of $76.00. The company’s 50-day moving average is $58.57 and its 200 day moving average is $62.03. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.97 and a beta of 1.37. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57.
Century Communities Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Century Communities’s dividend payout ratio (DPR) is presently 28.83%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on CCS shares. Citigroup started coverage on shares of Century Communities in a research report on Wednesday, January 21st. They issued an “outperform” rating on the stock. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. reduced their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. Finally, Citizens Jmp began coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.00.
Read Our Latest Stock Report on Century Communities
Insider Activity
In other news, Chairman Dale Francescon sold 100,100 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the sale, the chairman owned 561,662 shares of the company’s stock, valued at $40,686,795.28. This trade represents a 15.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.70% of the stock is currently owned by insiders.
Century Communities Company Profile
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.
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