Century Communities, Inc. $CCS Shares Sold by Invesco Ltd.

Invesco Ltd. cut its stake in Century Communities, Inc. (NYSE:CCS) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,082 shares of the construction company’s stock after selling 10,119 shares during the period. Invesco Ltd. owned about 0.74% of Century Communities worth $15,170,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its position in shares of Century Communities by 41.6% in the 4th quarter. LPL Financial LLC now owns 3,574 shares of the construction company’s stock valued at $262,000 after purchasing an additional 1,050 shares during the period. Wells Fargo & Company MN lifted its stake in Century Communities by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 18,036 shares of the construction company’s stock valued at $1,323,000 after buying an additional 3,124 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Century Communities by 2.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 32,003 shares of the construction company’s stock valued at $2,346,000 after buying an additional 888 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Century Communities by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 17,013 shares of the construction company’s stock valued at $1,248,000 after acquiring an additional 945 shares during the period. Finally, MML Investors Services LLC grew its position in shares of Century Communities by 28.0% during the fourth quarter. MML Investors Services LLC now owns 19,855 shares of the construction company’s stock worth $1,457,000 after acquiring an additional 4,343 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CCS shares. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Friday. B. Riley began coverage on shares of Century Communities in a report on Monday, June 30th. They issued a “buy” rating and a $70.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Century Communities Price Performance

Shares of NYSE CCS opened at $67.5190 on Friday. The stock has a fifty day moving average price of $59.60 and a 200 day moving average price of $61.46. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $2.00 billion, a PE ratio of 8.24 and a beta of 1.41.

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

Century Communities Dividend Announcement

The company also recently disclosed 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 1.7%. Century Communities’s dividend payout ratio (DPR) is presently 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.