Century Communities, Inc. (NYSE:CCS) Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Century Communities, Inc. (NYSE:CCS – Get Rating) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,468,536 shares of the construction company’s stock after acquiring an additional 75,562 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.77% of Century Communities worth $123,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CCS. Renaissance Technologies LLC grew its stake in Century Communities by 163.6% during the 1st quarter. Renaissance Technologies LLC now owns 247,654 shares of the construction company’s stock valued at $13,267,000 after acquiring an additional 153,700 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Century Communities by 165.8% in the first quarter. First Trust Advisors LP now owns 209,211 shares of the construction company’s stock valued at $11,207,000 after acquiring an additional 130,500 shares during the period. RK Capital Management LLC raised its stake in shares of Century Communities by 153.3% in the third quarter. RK Capital Management LLC now owns 188,700 shares of the construction company’s stock valued at $8,073,000 after purchasing an additional 114,200 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Century Communities by 25.0% in the first quarter. Clearbridge Investments LLC now owns 523,867 shares of the construction company’s stock valued at $28,064,000 after purchasing an additional 104,666 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Century Communities by 295.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 104,668 shares of the construction company’s stock valued at $5,234,000 after purchasing an additional 78,223 shares in the last quarter. Hedge funds and other institutional investors own 88.86% of the company’s stock.

Century Communities Price Performance

Shares of CCS opened at $67.04 on Friday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.47. Century Communities, Inc. has a 1 year low of $39.00 and a 1 year high of $69.82. The stock has a market cap of $2.15 billion, a P/E ratio of 5.27 and a beta of 1.74. The stock’s 50-day moving average price is $63.40 and its two-hundred day moving average price is $57.56.

Century Communities (NYSE:CCS – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.29. Century Communities had a return on equity of 20.31% and a net margin of 9.80%. The business had revenue of $735.60 million for the quarter, compared to analysts’ expectations of $595.35 million. During the same quarter in the previous year, the business posted $4.20 EPS. Century Communities’s revenue for the quarter was down 25.6% on a year-over-year basis. On average, equities analysts predict that Century Communities, Inc. will post 4.83 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Investors of record on Wednesday, May 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Tuesday, May 30th. Century Communities’s dividend payout ratio is presently 7.23%.

Insider Activity at Century Communities

In other news, CFO John Scott Dixon sold 3,173 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $66.72, for a total transaction of $211,702.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wedbush reiterated an “outperform” rating and set a $70.00 price objective on shares of Century Communities in a research note on Wednesday, April 12th. B. Riley raised their target price on Century Communities from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. Finally, StockNews.com started coverage on Century Communities in a research note on Thursday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.50.

Century Communities Company Profile

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Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following segments: West, Mountain, Texas, Southeast, Century Complete, and Financial Services. The West segment refers to projects in California and Washington.