Wellington Management Group LLP Sells 281,430 Shares of Century Communities, Inc. (NYSE:CCS)

Wellington Management Group LLP cut its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 19.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,176,343 shares of the construction company's stock after selling 281,430 shares during the quarter. Wellington Management Group LLP owned 3.80% of Century Communities worth $86,297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Century Communities during the 4th quarter worth approximately $5,663,000. Franklin Resources Inc. increased its position in Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock worth $48,502,000 after purchasing an additional 51,021 shares in the last quarter. JPMorgan Chase & Co. increased its position in Century Communities by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock worth $18,631,000 after purchasing an additional 47,171 shares in the last quarter. Edgestream Partners L.P. increased its position in Century Communities by 257.7% during the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock worth $4,732,000 after purchasing an additional 46,477 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Century Communities during the 4th quarter worth approximately $3,175,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Down 4.6 %

Shares of CCS stock traded down $2.80 on Thursday, hitting $58.51. The stock had a trading volume of 33,779 shares, compared to its average volume of 348,383. The business has a 50 day moving average of $69.76 and a 200 day moving average of $80.43. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 5.63 and a beta of 1.76. 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 12-month low of $55.85 and a 12-month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio (DPR) is currently 11.15%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wedbush reissued a "neutral" rating and set a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. JPMorgan Chase & Co. raised shares of 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. Finally, Zelman & Associates raised shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.