Corebridge Financial Inc. Has $1.09 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Corebridge Financial Inc. cut its stake in Century Communities, Inc. (NYSE:CCS) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,867 shares of the construction company’s stock after selling 1,160 shares during the period. Corebridge Financial Inc.’s holdings in Century Communities were worth $1,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CCS. JPMorgan Chase & Co. boosted its stake in shares of Century Communities by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock valued at $21,296,000 after purchasing an additional 10,453 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Century Communities by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after buying an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. boosted its position 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 valued at $38,699,000 after acquiring an additional 34,046 shares during the last quarter. Edgestream Partners L.P. grew its holdings in Century Communities by 257.7% during the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after acquiring an additional 46,477 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in Century Communities during the 3rd quarter worth about $543,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Trading Up 4.3 %

Shares of Century Communities stock opened at $65.63 on Friday. The stock has a market capitalization of $2.01 billion, a PE ratio of 6.31 and a beta of 1.76. Century Communities, Inc. has a 52 week low of $61.07 and a 52 week high of $108.42. The stock has a 50 day moving average price of $71.41 and a two-hundred day moving average price of $81.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 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 analysts anticipate 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 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.77%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is 11.15%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush restated a “neutral” rating and set a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Zelman & Associates upgraded Century Communities to a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price 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 issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Century Communities presently has a consensus rating of “Hold” and a consensus target price 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.