Century Communities, Inc. (NYSE:CCS) Shares Sold by Factorial Partners LLC

Factorial Partners LLC trimmed its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,800 shares of the construction company's stock after selling 6,200 shares during the quarter. Factorial Partners LLC's holdings in Century Communities were worth $572,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. grew its holdings in Century Communities by 11.6% during 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 period. Jennison Associates LLC increased its holdings in shares of Century Communities by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock valued at $56,063,000 after purchasing an additional 49,256 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Century Communities by 1,477.5% in the 3rd quarter. Bank of Montreal Can now owns 51,442 shares of the construction company's stock valued at $5,307,000 after purchasing an additional 48,181 shares during the period. Basswood Capital Management L.L.C. boosted its holdings in Century Communities by 11.8% during the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company's stock worth $44,896,000 after buying an additional 46,104 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Century Communities during the third quarter valued at $4,403,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Price Performance

Shares of NYSE:CCS traded down $1.45 during trading on Monday, reaching $67.99. The stock had a trading volume of 228,931 shares, compared to its average volume of 448,768. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Century Communities, Inc. has a 1-year low of $68.37 and a 1-year high of $108.42. The stock has a market cap of $2.10 billion, a PE ratio of 6.54 and a beta of 1.92. The business has a fifty day moving average price of $74.01 and a 200-day moving average price of $86.84.

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 net margin of 7.59% and a return on equity of 14.17%. On average, equities analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, February 26th. Century Communities's dividend payout ratio (DPR) is 11.15%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CCS shares. StockNews.com lowered shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded Century Communities from an "underweight" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $97.00 in a research report on Friday, December 13th. 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. Finally, Zelman & Associates raised shares of Century Communities to a "hold" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $103.00.

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.