Boston Partners Raises Holdings in Century Communities, Inc. $CCS

Boston Partners raised its stake in Century Communities, Inc. (NYSE:CCS) by 189.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,571 shares of the construction company’s stock after purchasing an additional 17,400 shares during the period. Boston Partners owned about 0.09% of Century Communities worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Penserra Capital Management LLC grew its stake in shares of Century Communities by 34.9% during the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after purchasing an additional 1,180 shares in the last quarter. American Century Companies Inc. lifted its holdings in Century Communities by 9.6% during the 1st quarter. American Century Companies Inc. now owns 63,659 shares of the construction company’s stock worth $4,272,000 after buying an additional 5,600 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Century Communities during the 2nd quarter worth about $582,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Century Communities during the 1st quarter worth about $311,000. Finally, Jump Financial LLC increased its holdings in shares of Century Communities by 109.7% in the 1st quarter. Jump Financial LLC now owns 14,188 shares of the construction company’s stock valued at $952,000 after acquiring an additional 7,421 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

CCS stock opened at $65.29 on Monday. The company has a market capitalization of $1.92 billion, a P/E ratio of 9.53 and a beta of 1.53. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $92.04. The business has a 50 day simple moving average of $60.98 and a 200-day simple moving average of $60.19. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The business had revenue of $980.28 million for the quarter, compared to analysts’ expectations of $906.10 million. During the same period in the previous year, the company posted $2.77 EPS. The company’s quarterly revenue was down 13.8% on a year-over-year basis. As a group, equities analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. Century Communities’s dividend payout ratio is presently 16.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CCS shares. JPMorgan Chase & Co. restated a “neutral” rating on shares of Century Communities in a research note on Friday, November 21st. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.00.

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.