Invesco Ltd. boosted its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 236,201 shares of the construction company's stock after acquiring an additional 51,589 shares during the quarter. Invesco Ltd. owned 0.76% of Century Communities worth $17,328,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Century Communities by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock valued at $144,641,000 after purchasing an additional 5,375 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Century Communities by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after buying an additional 34,046 shares during the last quarter. Franklin Resources Inc. increased its stake in Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock valued at $48,502,000 after buying an additional 51,021 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Century Communities by 4.0% during the 4th quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company's stock worth $21,579,000 after buying an additional 11,389 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Century Communities by 22.8% in the 4th quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock worth $18,631,000 after buying an additional 47,171 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.
Analyst Ratings Changes
CCS has been the subject of a number of research analyst reports. Wedbush decreased their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday. Zelman & Associates raised Century Communities to a "hold" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $101.33.
Get Our Latest Report on CCS
Century Communities Stock Performance
Shares of Century Communities stock traded down $0.82 on Friday, reaching $55.48. 90,327 shares of the company traded hands, compared to its average volume of 356,043. The company has a 50 day moving average of $66.38 and a 200 day moving average of $77.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities, Inc. has a 52 week low of $52.86 and a 52 week high of $108.42. The firm has a market capitalization of $1.70 billion, a PE ratio of 5.36 and a beta of 1.76.
Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The firm had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.
Century Communities Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 2.09%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio (DPR) is 11.15%.
About Century Communities
(
Free Report)
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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