Rhumbline Advisers Decreases Stake in Century Communities, Inc. (NYSE:CCS)

Rhumbline Advisers lowered its holdings in Century Communities, Inc. (NYSE:CCS) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,013 shares of the construction company’s stock after selling 4,711 shares during the quarter. Rhumbline Advisers owned 0.27% of Century Communities worth $5,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Century Communities by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company’s stock valued at $144,641,000 after purchasing an additional 5,375 shares during the last quarter. First Trust Advisors LP increased its position in shares of Century Communities by 67.3% during the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company’s stock valued at $82,200,000 after purchasing an additional 450,914 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Century Communities by 14.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company’s stock valued at $58,791,000 after purchasing an additional 99,136 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Century Communities by 51.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company’s stock valued at $49,834,000 after purchasing an additional 230,113 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock valued at $38,699,000 after purchasing an additional 34,046 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Up 0.3%

NYSE CCS opened at $54.74 on Friday. 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 company has a market capitalization of $1.67 billion, a P/E ratio of 5.26 and a beta of 1.43. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42. The stock has a 50 day moving average price of $55.62 and a 200-day moving average price of $68.20.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $914.20 million. During the same quarter in the prior year, the business earned $2.22 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 2.12%. Century Communities’s dividend payout ratio (DPR) is presently 12.01%.

Insider Buying and Selling at Century Communities

In other news, Director Elisa Z. Ramirez bought 500 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $54.68 per share, with a total value of $27,340.00. Following the completion of the acquisition, the director now directly owns 8,981 shares of the company’s stock, valued at $491,081.08. This trade represents a 5.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 2,400 shares of company stock worth $130,426 over the last quarter. Insiders own 11.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush reduced their target price on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. 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. According to MarketBeat.com, Century Communities has an average 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.