HighTower Advisors LLC Purchases New Shares in Century Communities, Inc. (NYSE:CCS)

HighTower Advisors LLC bought a new position in shares of Century Communities, Inc. (NYSE:CCS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,239 shares of the construction company’s stock, valued at approximately $543,000.

Several other institutional investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. raised its holdings in Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after acquiring an additional 89,310 shares during the last quarter. Jennison Associates LLC increased its position in Century Communities by 9.9% during the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock worth $56,063,000 after purchasing an additional 49,256 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Century Communities by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after buying an additional 16,397 shares during the period. Basswood Capital Management L.L.C. lifted its holdings in Century Communities by 11.8% in the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock valued at $44,896,000 after acquiring an additional 46,104 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Century Communities by 444.7% during the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after acquiring an additional 295,729 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCS. Wedbush raised their price objective on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $110.00 to $97.00 in a report on Friday, December 13th. Finally, B. Riley restated a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Century Communities Price Performance

Shares of NYSE CCS opened at $75.75 on Friday. The stock’s 50-day moving average is $89.17 and its two-hundred day moving average is $91.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 7.55 and a beta of 1.87. Century Communities, Inc. has a 1-year low of $73.60 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.58 EPS. Analysts forecast that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.37%. The ex-dividend date was Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

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.