4 days Ago By ABMN Staff
Russell Investments Group Ltd. lessened its position in shares of Century Communities, Inc. ( NYSE:CCS – Free Report ) by 8.
6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,915 shares of the construction company’s stock after selling 4,992 shares during the period. Russell Investments Group Ltd.
owned about 0.17% of Century Communities worth $3,882,000 as of its most recent SEC filing. A number of other large investors also recently modified their holdings of CCS.
JPMorgan Chase & Co. lifted its position in shares of Century Communities by 5.3% during the 3rd quarter.
JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after purchasing an additional 10,453 shares during the last quarter. Principal Financial Group Inc.
raised its stake 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Century Communities by 6.
9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock worth $38,699,000 after buying an additional 34,046 shares during the last quarter.
Edgestream Partners L.P. boosted its position in shares of 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 in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Century Communities in the 3rd quarter valued at about $543,000. 99.
54% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several research firms recently weighed in on CCS. Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st.
Wedbush reiterated a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th.
One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $103.
00. Century Communities Price Performance Shares of NYSE CCS opened at $58.97 on Wednesday.
The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.
42. The stock has a market cap of $1.81 billion, a P/E ratio of 5.
67 and a beta of 1.76. The stock has a 50 day moving average of $68.
39 and a two-hundred day moving average of $79.25. Century Communities, Inc.
has a twelve month low of $55.85 and a twelve month high of $108.42.
Century Communities ( NYSE:CCS – Get Free Report ) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.
16 by $0.33. Century Communities had a net margin of 7.
59% and a return on equity of 14.17%. On average, research analysts forecast that Century Communities, Inc.
will post 11.07 earnings per share for the current year. Century Communities Increases Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th.
Investors of record on Wednesday, February 26th were issued 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 dividend yield of 1.97%.
This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is currently 11.
15%. About Century Communities ( Free Report ) 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.
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