Century Communities, Inc. (NYSE:CCS) Stock Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of Century Communities, Inc. (NYSE:CCS) by 1.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,730 shares of the construction company’s stock after buying an additional 1,870 shares during the quarter. Principal Financial Group Inc. owned 0.44% of Century Communities worth $9,107,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after buying an additional 331 shares in the last quarter. Cetera Investment Advisers boosted its stake in Century Communities by 7.8% during the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company’s stock valued at $571,000 after buying an additional 562 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Century Communities by 11.2% during the fourth quarter. Benjamin Edwards Inc. now owns 5,612 shares of the construction company’s stock valued at $412,000 after buying an additional 565 shares in the last quarter. GAMMA Investing LLC boosted its stake in Century Communities by 60.3% during the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company’s stock valued at $106,000 after buying an additional 594 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Century Communities by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,900 shares of the construction company’s stock valued at $1,166,000 after buying an additional 611 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCS shares. B. Riley began coverage on Century Communities in a research note on Monday, June 30th. They set a “buy” rating and a $70.00 target price for the company. Wedbush reduced their price objective on Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and an average target price of $85.00.

Century Communities Stock Performance

CCS opened at $61.24 on Tuesday. The firm has a market cap of $1.87 billion, a PE ratio of 6.34 and a beta of 1.44. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $55.28 and a 200-day simple moving average of $63.95. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The company had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 12.80% and a net margin of 7.10%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.22 earnings per share. As a group, equities analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were given a $0.29 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $1.16 annualized dividend and a dividend yield of 1.89%. Century Communities’s dividend payout ratio (DPR) is presently 12.01%.

Insider Activity at Century Communities

In other Century Communities news, Director Elisa Z. Ramirez bought 500 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $54.68 per share, with a total value of $27,340.00. Following the completion of the transaction, the director directly owned 8,981 shares in the company, valued at approximately $491,081.08. This represents a 5.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 2,400 shares of company stock valued at $130,426 over the last ninety days. Company insiders own 12.60% of the company’s stock.

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.