Vanguard Group Inc. Acquires 5,375 Shares of Century Communities, Inc. (NYSE:CCS)

Vanguard Group Inc. lifted its stake in shares of Century Communities, Inc. (NYSE:CCS) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,971,664 shares of the construction company’s stock after acquiring an additional 5,375 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of Century Communities worth $144,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in shares of Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after buying an additional 51,021 shares in the last quarter. Edgestream Partners L.P. grew its holdings in Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after buying an additional 46,477 shares in the last quarter. Jane Street Group LLC boosted its holdings in Century Communities by 95.4% during the third quarter. Jane Street Group LLC now owns 80,561 shares of the construction company’s stock worth $8,296,000 after purchasing an additional 39,341 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock worth $38,699,000 after acquiring an additional 34,046 shares during the period. Finally, First Eagle Investment Management LLC grew its position in Century Communities by 15.1% during the fourth quarter. First Eagle Investment Management LLC now owns 151,795 shares of the construction company’s stock valued at $11,136,000 after buying an additional 19,917 shares during the period. 99.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CCS. Wedbush reissued a “neutral” rating and issued a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. 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 decreased their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $103.00.

Century Communities Stock Performance

NYSE:CCS opened at $62.51 on Tuesday. The firm’s fifty day simple moving average is $71.08 and its 200 day simple moving average is $81.32. Century Communities, Inc. has a twelve month low of $61.07 and a twelve month 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. The stock has a market cap of $1.92 billion, a P/E ratio of 6.01 and a beta of 1.76.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping 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, research analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently declared 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 was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.86%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is 11.15%.

Century Communities Company 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.