Thrivent Financial for Lutherans Cuts Position in Century Communities, Inc. (NYSE:CCS)

Thrivent Financial for Lutherans lowered its stake in shares of Century Communities, Inc. (NYSE:CCS) by 1.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,315 shares of the construction company’s stock after selling 340 shares during the period. Thrivent Financial for Lutherans’ holdings in Century Communities were worth $1,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Century Communities during the 3rd quarter valued at approximately $51,000. Smartleaf Asset Management LLC increased its stake in Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after purchasing an additional 569 shares in the last quarter. KBC Group NV raised its holdings in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in Century Communities during the third quarter worth $144,000. Finally, R Squared Ltd purchased a new stake in Century Communities during the fourth quarter worth $142,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Down 3.2 %

CCS opened at $66.88 on Monday. The firm has a market cap of $2.07 billion, a P/E ratio of 6.43 and a beta of 2.10. The business’s fifty day simple moving average is $72.46 and its 200 day simple moving average is $82.93. Century Communities, Inc. has a 52 week low of $66.07 and a 52 week high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, equities research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is 11.15%.

Wall Street Analyst Weigh In

CCS has been the subject of a number of research analyst reports. Wedbush restated a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Century Communities presently has an average rating of “Hold” and an average price target of $103.00.

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.