Century Communities, Inc. $CCS Stock Position Boosted by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its stake in shares of Century Communities, Inc. (NYSE:CCS) by 26.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,341,781 shares of the construction company’s stock after buying an additional 282,133 shares during the period. Westwood Holdings Group Inc.’s holdings in Century Communities were worth $75,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. US Bancorp DE boosted its holdings in shares of Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. Traub Capital Management LLC bought a new stake in Century Communities during the second quarter worth approximately $39,000. EverSource Wealth Advisors LLC lifted its position in Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares during the period. Jones Financial Companies Lllp boosted its stake in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Century Communities during the 1st quarter valued at $91,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Down 0.1%

Shares of NYSE CCS opened at $63.30 on Friday. The business has a fifty day simple moving average of $60.93 and a 200-day simple moving average of $60.78. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 9.24 and a beta of 1.53. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $84.48. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The company had revenue of $980.28 million during the quarter, compared to analyst estimates of $906.10 million. During the same period in the prior year, the firm earned $2.77 earnings per share. The business’s quarterly revenue was down 13.8% on a year-over-year basis. Sell-side analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.8%. Century Communities’s dividend payout ratio (DPR) is currently 16.93%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $56.00 price target on shares of Century Communities in a report on Thursday, December 4th. Finally, Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.33.

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.