Dimensional Fund Advisors LP Cuts Position in Century Communities, Inc. (NYSE:CCS)

Dimensional Fund Advisors LP reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,361,484 shares of the construction company's stock after selling 86,348 shares during the quarter. Dimensional Fund Advisors LP owned 7.63% of Century Communities worth $173,238,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Century Communities by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock worth $144,641,000 after purchasing an additional 5,375 shares during the period. First Trust Advisors LP lifted its stake in shares of Century Communities by 67.3% during the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after purchasing an additional 450,914 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Century Communities by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock worth $38,699,000 after buying an additional 34,046 shares during the period. Franklin Resources Inc. boosted its position 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 worth $48,502,000 after buying an additional 51,021 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Century Communities by 4.0% in the fourth quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company's stock valued at $21,579,000 after buying an additional 11,389 shares in the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Trading Down 2.8 %

Shares of CCS opened at $59.83 on Thursday. Century Communities, Inc. has a one year low of $55.85 and a one year high of $108.42. The stock has a 50-day moving average price of $66.75 and a 200 day moving average price of $77.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $1.83 billion, a P/E ratio of 5.75 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). The business had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Sell-side analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.29 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.94%. This is an increase from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is presently 11.15%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CCS shares. Wedbush restated a "neutral" rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $103.00.

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.

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