Jennison Associates LLC Has $34.16 Million Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Jennison Associates LLC lowered its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 465,666 shares of the construction company's stock after selling 78,741 shares during the period. Jennison Associates LLC owned 1.49% of Century Communities worth $34,161,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CCS. Point72 Hong Kong Ltd acquired a new stake in Century Communities in the 3rd quarter worth about $51,000. GAMMA Investing LLC boosted its stake in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock worth $108,000 after buying an additional 287 shares during the last quarter. Signaturefd LLC boosted its stake in Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company's stock worth $134,000 after buying an additional 161 shares during the last quarter. KBC Group NV boosted its stake in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after buying an additional 403 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Century Communities in the 3rd quarter worth about $144,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th. B. Riley reaffirmed a "buy" rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and reduced their price objective for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Zelman & Associates raised Century Communities to a "hold" rating in a research note on Friday, January 31st. Finally, Wedbush reaffirmed a "neutral" rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. 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's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $103.00.

Century Communities Stock Down 4.2 %

CCS stock traded down $3.21 during midday trading on Friday, hitting $73.85. 601,744 shares of the company's stock were exchanged, compared to its average volume of 465,920. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 12-month low of $68.49 and a 12-month high of $108.42. The firm has a 50 day moving average price of $77.50 and a 200-day moving average price of $89.46. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 7.10 and a beta of 1.92.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. On average, analysts anticipate that Century Communities, Inc. will post 11.72 EPS for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.57%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is currently 10.00%.

Century Communities 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.