Nuveen LLC Takes Position in Century Communities, Inc. $CCS

Nuveen LLC purchased a new stake in shares of Century Communities, Inc. (NYSE:CCS) during the 1st quarter, Holdings Channel.com reports. The fund purchased 172,621 shares of the construction company’s stock, valued at approximately $11,583,000.

Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock worth $26,000 after purchasing an additional 331 shares during the period. US Bancorp DE raised its holdings in Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares during the period. Covestor Ltd raised its holdings in Century Communities by 104.5% in the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock worth $73,000 after purchasing an additional 555 shares during the period. GAMMA Investing LLC raised its holdings in Century Communities by 60.3% in the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company’s stock worth $106,000 after purchasing an additional 594 shares during the period. Finally, Headlands Technologies LLC raised its holdings in Century Communities by 172.4% in the 1st quarter. Headlands Technologies LLC now owns 2,740 shares of the construction company’s stock worth $184,000 after purchasing an additional 1,734 shares during the period. 99.54% of the stock is owned by institutional investors.

Century Communities Trading Up 7.7%

Shares of CCS stock opened at $67.5190 on Friday. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $108.42. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average price is $59.60 and its 200-day moving average price is $61.46. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.24 and a beta of 1.41.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $910.70 million. During the same period in the previous year, the firm posted $2.65 earnings per share. The business’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 27th. Century Communities’s payout ratio is presently 14.16%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CCS shares. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Friday. B. Riley began coverage on Century Communities in a report on Monday, June 30th. They issued a “buy” rating and a $70.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” 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.