Wells Fargo & Company MN Purchases 3,124 Shares of Century Communities, Inc. (NYSE:CCS)

Wells Fargo & Company MN lifted its stake in shares of Century Communities, Inc. (NYSE:CCS) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,036 shares of the construction company’s stock after purchasing an additional 3,124 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Century Communities worth $1,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCS. Norges Bank bought a new position in shares of Century Communities during the 4th quarter worth about $5,663,000. Franklin Resources Inc. boosted its position in shares of 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. boosted its position in shares of 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. boosted its position in shares of 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 position in shares of Century Communities during the 4th quarter worth about $3,175,000. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

CCS has been the topic of a number of analyst reports. Wedbush lowered their target price on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a report on Friday, January 31st. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.33.

Century Communities Trading Down 2.8 %

NYSE:CCS opened at $54.02 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 5.19 and a beta of 1.76. Century Communities, Inc. has a 52 week low of $53.59 and a 52 week high of $108.42. The firm has a 50-day moving average price of $65.66 and a two-hundred day moving average price of $76.52.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The company had revenue of $903.23 million for the quarter, compared to analysts’ expectations of $914.20 million. During the same quarter in the previous year, the business earned $2.22 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 2.15%. Century Communities’s dividend payout ratio (DPR) is 12.01%.

Century Communities 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.