Century Communities, Inc. (NYSE:CCS) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,766 shares of the construction company's stock after selling 5,013 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.34% of Century Communities worth $7,832,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Century Communities in the 4th quarter worth about $5,663,000. Franklin Resources Inc. lifted its holdings in Century Communities by 11.6% in the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock worth $48,502,000 after acquiring an additional 51,021 shares during the last quarter. Bank of Montreal Can lifted its holdings in Century Communities by 1,477.5% in 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in Century Communities by 22.8% in the fourth quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock valued at $18,631,000 after acquiring an additional 47,171 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in shares of Century Communities by 257.7% during the fourth 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. Institutional investors own 99.54% of the company's stock.

Century Communities Stock Performance

CCS stock traded up $2.70 on Friday, reaching $65.63. The company's stock had a trading volume of 499,704 shares, compared to its average volume of 347,694. Century Communities, Inc. has a 52 week low of $61.07 and a 52 week 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 company has a market capitalization of $2.01 billion, a P/E ratio of 6.31 and a beta of 1.76. The firm has a fifty day moving average of $71.41 and a two-hundred day moving average of $81.79.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.29 dividend. This is a positive change 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 1.77%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's dividend payout ratio is currently 11.15%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CCS shares. Wedbush restated a "neutral" rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Zelman & Associates upgraded Century Communities to a "hold" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an "underweight" rating to a "neutral" rating and lowered their price target for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. 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 stock. According to data from MarketBeat, Century Communities has a consensus rating of "Hold" and an average target price 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.