Century Communities, Inc. $CCS Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of Century Communities, Inc. (NYSE:CCS) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,973,888 shares of the construction company’s stock after selling 40,926 shares during the quarter. Dimensional Fund Advisors LP owned about 6.72% of Century Communities worth $125,085,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CCS. Legato Capital Management LLC increased its position in shares of Century Communities by 18.6% during the third quarter. Legato Capital Management LLC now owns 17,267 shares of the construction company’s stock worth $1,094,000 after purchasing an additional 2,703 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Century Communities by 26.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 218,490 shares of the construction company’s stock valued at $13,846,000 after purchasing an additional 45,943 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in Century Communities by 25.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 23,810 shares of the construction company’s stock worth $1,510,000 after buying an additional 4,763 shares during the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Century Communities during the 3rd quarter worth approximately $211,000. Finally, Rafferty Asset Management LLC increased its position in Century Communities by 78.6% during the third quarter. Rafferty Asset Management LLC now owns 38,972 shares of the construction company’s stock worth $2,470,000 after buying an additional 17,157 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CCS. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Citizens Jmp initiated coverage on Century Communities in a research note on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target on the stock. Finally, Citigroup assumed coverage on Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Century Communities has an average rating of “Hold” and a consensus target price of $74.75.

Century Communities Stock Performance

NYSE:CCS opened at $58.50 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $66.55 and a two-hundred day moving average price of $63.83. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $76.00. The company has a market capitalization of $1.70 billion, a P/E ratio of 12.04 and a beta of 1.54.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.20. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.54 earnings per share. As a group, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 2.2%. Century Communities’s dividend payout ratio (DPR) is 26.34%.

Insider Buying and Selling at Century Communities

In other news, Chairman Dale Francescon sold 100,100 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the sale, the chairman directly owned 561,662 shares in the company, valued at $40,686,795.28. This represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is currently owned by company insiders.

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.