Boston Partners Makes New Investment in Century Communities, Inc. (NYSE:CCS)

Boston Partners bought a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,857 shares of the construction company's stock, valued at approximately $650,000.

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Century Communities by 11.6% in the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock valued at $48,502,000 after purchasing an additional 51,021 shares in the last quarter. Bank of Montreal Can raised its stake in Century Communities by 1,477.5% during the third quarter. Bank of Montreal Can now owns 51,442 shares of the construction company's stock worth $5,307,000 after acquiring an additional 48,181 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in Century Communities by 257.7% during the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after purchasing an additional 46,477 shares during the last quarter. Basswood Capital Management L.L.C. boosted its holdings in shares of Century Communities by 11.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company's stock worth $44,896,000 after acquiring an additional 46,104 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Century Communities in the 3rd quarter valued at $4,403,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Trading Down 0.2 %

Shares of CCS stock traded down $0.13 during trading hours on Wednesday, reaching $69.51. The company had a trading volume of 237,605 shares, compared to its average volume of 322,380. Century Communities, Inc. has a 1-year low of $66.07 and a 1-year high of $108.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 6.68 and a beta of 2.10. The company has a 50 day moving average of $72.94 and a 200 day moving average of $83.50.

Remove Ads

Century Communities (NYSE:CCS - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. On average, equities research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This is a positive change from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 1.67%. Century Communities's dividend payout ratio (DPR) is presently 11.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CCS. Zelman & Associates upgraded Century Communities to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded shares of Century Communities from an "underweight" rating to a "neutral" rating and lowered their price objective for the company from $110.00 to $97.00 in a research report on Friday, December 13th. Wedbush reissued a "neutral" rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Finally, StockNews.com cut shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Century Communities currently has an average rating of "Hold" and an average price target of $103.00.

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.