Wellington Management Group LLP Has $150.12 Million Holdings in Century Communities, Inc. (NYSE:CCS)

Wellington Management Group LLP lessened its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 26.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,457,773 shares of the construction company's stock after selling 533,140 shares during the quarter. Wellington Management Group LLP owned approximately 4.65% of Century Communities worth $150,121,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its position in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock worth $93,000 after buying an additional 115 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company's stock worth $654,000 after acquiring an additional 147 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Century Communities by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company's stock valued at $231,000 after acquiring an additional 172 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Century Communities by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company's stock valued at $796,000 after purchasing an additional 186 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Century Communities by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company's stock worth $1,160,000 after purchasing an additional 200 shares during the period. Institutional investors own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CCS. StockNews.com lowered shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. Wedbush increased their target price on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Finally, B. Riley reaffirmed a "buy" rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Century Communities Price Performance

Shares of CCS stock traded down $2.04 during trading on Tuesday, hitting $86.15. The company had a trading volume of 210,950 shares, compared to its average volume of 302,115. The firm has a market capitalization of $2.70 billion, a P/E ratio of 8.59 and a beta of 1.87. Century Communities, Inc. has a one year low of $74.76 and a one year high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock's 50-day moving average price is $92.37 and its 200 day moving average price is $91.91.

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

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.21%. Century Communities's dividend payout ratio 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.