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

Bank of Montreal Can trimmed its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 93.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,466 shares of the construction company's stock after selling 47,976 shares during the quarter. Bank of Montreal Can's holdings in Century Communities were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC raised its position in Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after purchasing an additional 569 shares during the period. Headlands Technologies LLC bought a new position in Century Communities in the 4th quarter valued at $74,000. KBC Group NV lifted its position in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after purchasing an additional 403 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Century Communities during the fourth quarter valued at $142,000. Finally, Principal Securities Inc. boosted its stake in shares of Century Communities by 27.7% during the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock valued at $156,000 after purchasing an additional 460 shares during the period. Institutional investors own 99.54% of the company's stock.

Century Communities Stock Down 0.9 %

Shares of NYSE CCS traded down $0.53 during midday trading on Friday, reaching $55.76. 437,456 shares of the company's stock traded hands, compared to its average volume of 356,614. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 5.36 and a beta of 1.76. The stock's 50 day simple moving average is $66.03 and its 200-day simple moving average is $76.95. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a one year low of $53.75 and a one year high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The company had revenue of $903.23 million during the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.29 dividend. This is a boost from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Wednesday, February 26th. Century Communities's dividend payout ratio (DPR) is currently 11.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CCS shares. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush dropped their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Century Communities currently has an average rating of "Hold" and an average target price of $101.33.

About Century Communities

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.