Vanguard Group Inc. Purchases 21,619 Shares of Century Communities, Inc. $CCS

Vanguard Group Inc. lifted its position in Century Communities, Inc. (NYSE:CCS) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,993,283 shares of the construction company’s stock after acquiring an additional 21,619 shares during the quarter. Vanguard Group Inc. owned 6.53% of Century Communities worth $133,749,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sigma Planning Corp raised its holdings in Century Communities by 4.2% in the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock worth $330,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE raised its holdings in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Versant Capital Management Inc raised its holdings in Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock worth $26,000 after purchasing an additional 331 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Century Communities by 21.6% in the first quarter. Nisa Investment Advisors LLC now owns 2,806 shares of the construction company’s stock worth $188,000 after purchasing an additional 498 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company’s stock worth $571,000 after purchasing an additional 562 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCS. 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. Wall Street Zen lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, B. Riley assumed coverage on Century Communities in a research note on Monday, June 30th. They set a “buy” rating and a $70.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Century Communities Price Performance

Shares of CCS stock opened at $62.5710 on Friday. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $108.42. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 7.64 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The stock’s 50-day simple moving average is $59.31 and its 200-day simple moving average is $61.52.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.Century Communities’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.65 earnings per share. As a group, equities analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be given a $0.29 dividend. The ex-dividend date is Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. Century Communities’s dividend payout ratio is currently 14.16%.

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.