Jennison Associates LLC increased its holdings in shares of Century Communities, Inc. (NYSE:CCS – Free Report) by 4.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 349,512 shares of the construction company’s stock after acquiring an additional 16,467 shares during the quarter. Jennison Associates LLC’s holdings in Century Communities were worth $20,055,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after acquiring an additional 411 shares during the period. EverSource Wealth Advisors LLC increased its holdings 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 worth $41,000 after acquiring an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Century Communities during the fourth quarter worth about $70,000. Jones Financial Companies Lllp raised its position in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Century Communities by 28.8% during the 4th quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock valued at $114,000 after purchasing an additional 431 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.
Century Communities Stock Performance
Shares of Century Communities stock opened at $63.81 on Wednesday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 14.37 and a beta of 1.29. The stock’s 50-day moving average is $60.31 and its 200-day moving average is $61.78. Century Communities, Inc. has a one year low of $47.28 and a one year high of $76.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57.
Century Communities Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid a $0.32 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.28 annualized dividend and a yield of 2.0%. Century Communities’s payout ratio is presently 28.83%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on CCS. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. cut their price target on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 29th. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $67.00.
Read Our Latest Stock Report on CCS
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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