Allspring Global Investments Holdings LLC Acquires 12,188 Shares of Century Communities, Inc. (NYSE:CCS)

Allspring Global Investments Holdings LLC grew its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,054 shares of the construction company’s stock after purchasing an additional 12,188 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Century Communities were worth $8,754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new position in shares of Century Communities in the third quarter valued at approximately $33,000. Quantbot Technologies LP bought a new position in shares of Century Communities in the third quarter valued at approximately $59,000. DekaBank Deutsche Girozentrale bought a new position in shares of Century Communities in the fourth quarter valued at approximately $107,000. Benjamin Edwards Inc. boosted its position in shares of Century Communities by 77.4% in the second quarter. Benjamin Edwards Inc. now owns 1,471 shares of the construction company’s stock valued at $113,000 after acquiring an additional 642 shares during the period. Finally, Alpha Paradigm Partners LLC bought a new position in shares of Century Communities in the third quarter valued at approximately $120,000. Institutional investors own 99.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wedbush restated an “underperform” rating and issued a $82.00 price objective (down from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd. B. Riley raised their price objective on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 1st.

Century Communities Trading Down 1.6 %

Shares of CCS opened at $79.30 on Thursday. The firm’s 50 day simple moving average is $87.48 and its 200 day simple moving average is $80.32. The company has a market capitalization of $2.52 billion, a P/E ratio of 9.85 and a beta of 1.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $97.92.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.66. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $915.91 million. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. Sell-side analysts forecast that Century Communities, Inc. will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were paid a $0.26 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Tuesday, February 27th. Century Communities’s dividend payout ratio (DPR) is currently 12.92%.

Century Communities Company 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.