Allspring Global Investments Holdings LLC Sells 40,852 Shares of Century Communities, Inc. (NYSE:CCS)

Allspring Global Investments Holdings LLC reduced its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 46.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,062 shares of the construction company's stock after selling 40,852 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.15% of Century Communities worth $3,420,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CCS. Point72 Hong Kong Ltd bought a new position in Century Communities in the 3rd quarter worth approximately $51,000. KBC Group NV raised its position in Century Communities by 44.3% in the 4th 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. Signaturefd LLC raised its position in Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company's stock worth $134,000 after purchasing an additional 161 shares during the last quarter. R Squared Ltd bought a new position in Century Communities in the 4th quarter worth approximately $142,000. Finally, Daiwa Securities Group Inc. bought a new position in Century Communities in the 3rd quarter worth approximately $144,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 dropped their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com cut shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. Finally, Wedbush reiterated a "neutral" rating and set a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $103.00.

Century Communities Trading Down 0.6 %

Century Communities stock traded down $0.45 during mid-day trading on Monday, hitting $70.71. 369,867 shares of the company's stock were exchanged, compared to its average volume of 463,039. The firm has a market capitalization of $2.19 billion, a P/E ratio of 6.80 and a beta of 1.92. Century Communities, Inc. has a fifty-two week low of $68.49 and a fifty-two week high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The company's 50 day simple moving average is $74.72 and its 200-day simple moving average is $87.54.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, February 26th. This is a boost from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio is 11.15%.

Century Communities Company 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.