Brandywine Global Investment Management LLC Sells 5,013 Shares of Century Communities, Inc. (NYSE:CCS)

Brandywine Global Investment Management LLC cut its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,766 shares of the construction company's stock after selling 5,013 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of Century Communities worth $7,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCS. Point72 Hong Kong Ltd bought a new position in Century Communities in the 3rd quarter valued at $51,000. Smartleaf Asset Management LLC boosted its stake in Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after buying an additional 569 shares during the period. KBC Group NV grew its position in 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 buying an additional 403 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Century Communities in the 3rd quarter worth about $144,000. Finally, R Squared Ltd bought a new position in Century Communities in the 4th quarter worth about $142,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Century Communities Trading Up 1.1 %

Shares of CCS traded up $0.76 during mid-day trading on Wednesday, reaching $67.91. The company's stock had a trading volume of 350,741 shares, compared to its average volume of 346,230. Century Communities, Inc. has a 52 week low of $65.22 and a 52 week high of $108.42. The stock has a market cap of $2.08 billion, a PE ratio of 6.53 and a beta of 1.76. The company's fifty day moving average price is $72.11 and its two-hundred day moving average price is $82.45. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.33. 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 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.71%. This is an increase from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities's payout ratio is presently 11.15%.

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.