Allspring Global Investments Holdings LLC Raises Stake in Century Communities, Inc. $CCS

Allspring Global Investments Holdings LLC increased its position in Century Communities, Inc. (NYSE:CCS) by 179.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,441 shares of the construction company’s stock after buying an additional 86,341 shares during the period. Allspring Global Investments Holdings LLC owned about 0.45% of Century Communities worth $8,619,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Deprince Race & Zollo Inc. purchased a new stake in Century Communities in the 3rd quarter worth approximately $1,749,000. CWM LLC lifted its stake in shares of Century Communities by 9.3% during the 3rd quarter. CWM LLC now owns 17,453 shares of the construction company’s stock worth $1,106,000 after purchasing an additional 1,478 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Century Communities during the third quarter worth $2,826,000. GAMMA Investing LLC grew its position in shares of Century Communities by 24.1% in the third quarter. GAMMA Investing LLC now owns 2,300 shares of the construction company’s stock valued at $146,000 after purchasing an additional 446 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in shares of Century Communities by 15.4% in the second quarter. Texas Permanent School Fund Corp now owns 19,731 shares of the construction company’s stock valued at $1,111,000 after purchasing an additional 2,637 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

Shares of Century Communities stock opened at $59.62 on Wednesday. The business’s fifty day moving average price is $60.66 and its 200 day moving average price is $61.65. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $81.10. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $1.75 billion, a P/E ratio of 8.70 and a beta of 1.56.

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

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, November 26th. Century Communities’s payout ratio is 16.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $56.00 price objective on shares of Century Communities in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Century Communities has an average rating of “Hold” and an average price target of $71.33.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.