Bank of Montreal Can Reduces Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Bank of Montreal Can reduced its position in shares of Century Communities, Inc. (NYSE:CCS) by 93.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,466 shares of the construction company’s stock after selling 47,976 shares during the period. Bank of Montreal Can’s holdings in Century Communities were worth $254,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in shares of Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after buying an additional 569 shares during the period. Headlands Technologies LLC purchased a new stake in Century Communities in the fourth quarter valued at $74,000. KBC Group NV lifted its stake in shares of Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after purchasing an additional 403 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Century Communities during the 4th quarter worth about $142,000. Finally, Principal Securities Inc. raised its holdings in Century Communities by 27.7% in the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after buying an additional 460 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

Century Communities stock opened at $56.36 on Friday. The company’s 50 day moving average is $66.38 and its two-hundred day moving average is $77.38. The firm has a market cap of $1.73 billion, a PE ratio of 5.42 and a beta of 1.76. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 52-week low of $53.75 and a 52-week high of $108.42.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company had revenue of $903.23 million during the quarter, compared to analysts’ expectations of $914.20 million. On average, research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CCS shares. Wedbush lowered their price objective on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday. Zelman & Associates raised Century Communities to a “hold” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Century Communities has a consensus rating of “Hold” and an average price target of $101.33.

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.