Century Communities, Inc. (NYSE:CCS) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 490,758 shares of the construction company's stock after buying an additional 51,021 shares during the period. Franklin Resources Inc. owned 1.57% of Century Communities worth $48,502,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Westwood Holdings Group Inc. increased its position in Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock worth $72,122,000 after purchasing an additional 89,310 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Century Communities by 9.9% during the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock worth $56,063,000 after buying an additional 49,256 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Century Communities by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company's stock valued at $50,819,000 after buying an additional 16,397 shares during the last quarter. Basswood Capital Management L.L.C. lifted its stake in shares of 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 valued at $44,896,000 after buying an additional 46,104 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Century Communities by 444.7% during the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company's stock worth $37,302,000 after acquiring an additional 295,729 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Trading Down 5.4 %

CCS traded down $4.37 during trading on Wednesday, hitting $76.94. 377,356 shares of the company's stock were exchanged, compared to its average volume of 303,043. The stock has a 50 day moving average price of $90.01 and a 200 day moving average price of $91.83. Century Communities, Inc. has a 1 year low of $74.76 and a 1 year high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.41 billion, a P/E ratio of 7.67 and a beta of 1.87.

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

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, November 27th. Century Communities's dividend payout ratio (DPR) is currently 10.37%.

Wall Street Analysts Forecast Growth

CCS has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Century Communities from an "underweight" rating to a "neutral" rating and cut their price target for the company from $110.00 to $97.00 in a report on Friday, December 13th. B. Riley reiterated a "buy" rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush raised their price target 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, StockNews.com downgraded shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th.

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.