Century Communities, Inc. (NYSE:CCS) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 1,477.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,442 shares of the construction company's stock after acquiring an additional 48,181 shares during the quarter. Bank of Montreal Can owned approximately 0.16% of Century Communities worth $5,307,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its holdings in Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock valued at $72,122,000 after buying an additional 89,310 shares during the last quarter. Jennison Associates LLC increased its stake in Century Communities by 9.9% in the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock valued at $56,063,000 after purchasing an additional 49,256 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Century Communities by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company's stock valued at $50,819,000 after acquiring an additional 16,397 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Century Communities by 444.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company's stock worth $37,302,000 after purchasing an additional 295,729 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of Century Communities by 84.9% during the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock valued at $11,740,000 after acquiring an additional 66,029 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Down 2.3 %

Century Communities stock traded down $2.12 during mid-day trading on Wednesday, reaching $88.12. 414,725 shares of the company were exchanged, compared to its average volume of 303,790. The firm has a market cap of $2.76 billion, a P/E ratio of 8.79 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The business has a fifty day moving average of $93.28 and a 200 day moving average of $91.84. Century Communities, Inc. has a 12-month low of $74.61 and a 12-month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.16. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company's revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.58 EPS. Research analysts anticipate that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Wednesday, November 27th. Century Communities's dividend payout ratio (DPR) is 10.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CCS shares. StockNews.com upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Wedbush raised their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Finally, B. Riley reissued a "buy" rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

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.