Jennison Associates LLC grew its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 544,407 shares of the construction company's stock after buying an additional 49,256 shares during the period. Jennison Associates LLC owned 1.74% of Century Communities worth $56,063,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Covestor Ltd boosted its stake in Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company's stock worth $26,000 after purchasing an additional 133 shares during the period. GAMMA Investing LLC increased its stake in Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock worth $108,000 after purchasing an additional 287 shares during the period. Signaturefd LLC lifted its holdings in Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after buying an additional 115 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Century Communities during the second quarter valued at approximately $162,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Century Communities in the 1st quarter worth $202,000. 99.54% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CCS has been the topic of several analyst reports. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a research note on Tuesday. Wedbush lifted their target price on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Finally, B. Riley reaffirmed a "buy" rating and issued a $119.00 price target (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.
Check Out Our Latest Analysis on Century Communities
Insider Activity at Century Communities
In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the transaction, the director now directly owns 45,127 shares of the company's stock, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by corporate insiders.
Century Communities Price Performance
NYSE CCS traded up $1.65 during trading hours on Thursday, reaching $88.10. The company's stock had a trading volume of 12,633 shares, compared to its average volume of 301,302. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities, Inc. has a 1-year low of $70.82 and a 1-year high of $108.42. The company's 50-day moving average is $95.84 and its two-hundred day moving average is $91.52. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 8.62 and a beta of 1.87.
Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business's revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. On average, equities analysts predict that Century Communities, Inc. will post 10.95 EPS for the current year.
Century Communities Dividend Announcement
The business 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 1.18%. Century Communities's dividend payout ratio (DPR) is presently 10.37%.
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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