Century Communities, Inc. (NYSE:CCS) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 74.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,864 shares of the construction company's stock after buying an additional 17,876 shares during the quarter. BNP Paribas Financial Markets owned about 0.13% of Century Communities worth $4,311,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Westwood Holdings Group Inc. grew its stake in Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock worth $72,122,000 after buying an additional 89,310 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Century Communities by 9.9% during the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock worth $56,063,000 after acquiring an additional 49,256 shares during 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. raised its position in shares of 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 valued at $37,302,000 after purchasing an additional 295,729 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock valued at $11,740,000 after purchasing an additional 66,029 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCS. Wedbush upped their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. StockNews.com downgraded Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, B. Riley restated a "buy" rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Century Communities Stock Performance

CCS traded down $1.31 during trading on Thursday, reaching $86.81. 240,501 shares of the company's stock were exchanged, compared to its average volume of 303,679. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities, Inc. has a 1 year low of $74.76 and a 1 year high of $108.42. The company's fifty day simple moving average is $93.00 and its 200-day simple moving average is $91.80. The stock has a market capitalization of $2.72 billion, a P/E ratio of 8.66 and a beta of 1.87.

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

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities's dividend payout ratio (DPR) is 10.37%.

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.