Dimensional Fund Advisors LP Has $123.45 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Dimensional Fund Advisors LP increased its position in shares of Century Communities, Inc. (NYSE:CCS – Get Rating) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,468,536 shares of the construction company’s stock after buying an additional 75,562 shares during the quarter. Dimensional Fund Advisors LP owned about 0.08% of Century Communities worth $123,452,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CCS. CX Institutional increased its position in shares of Century Communities by 42.8% during the third quarter. CX Institutional now owns 19,070 shares of the construction company’s stock valued at $816,000 after acquiring an additional 5,718 shares during the last quarter. RK Capital Management LLC grew its holdings in Century Communities by 153.3% during the third quarter. RK Capital Management LLC now owns 188,700 shares of the construction company’s stock valued at $8,073,000 after purchasing an additional 114,200 shares during the period. Islay Capital Management LLC grew its holdings in Century Communities by 31.0% during the fourth quarter. Islay Capital Management LLC now owns 8,987 shares of the construction company’s stock valued at $449,000 after purchasing an additional 2,128 shares during the period. Legato Capital Management LLC bought a new position in Century Communities during the fourth quarter valued at $1,436,000. Finally, Diamond Hill Capital Management Inc. raised its position in shares of Century Communities by 295.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 104,668 shares of the construction company’s stock worth $5,234,000 after buying an additional 78,223 shares in the last quarter. 88.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCS has been the topic of a number of recent analyst reports. B. Riley increased their price objective on Century Communities from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd. Wedbush restated an “outperform” rating and set a $70.00 price target on shares of Century Communities in a research report on Wednesday, April 12th. Finally, StockNews.com initiated coverage on Century Communities in a report on Thursday. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.50.

Century Communities Stock Performance

Century Communities stock opened at $67.04 on Friday. The stock’s 50 day simple moving average is $63.40 and its two-hundred day simple moving average is $57.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 5.27 and a beta of 1.74. Century Communities, Inc. has a fifty-two week low of $39.00 and a fifty-two week high of $69.82.

Century Communities (NYSE:CCS – Get Rating) last announced its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.29. The company had revenue of $735.60 million during the quarter, compared to analyst estimates of $595.35 million. Century Communities had a net margin of 9.80% and a return on equity of 20.31%. The firm’s revenue for the quarter was down 25.6% on a year-over-year basis. During the same period in the previous year, the business earned $4.20 EPS. As a group, analysts expect that Century Communities, Inc. will post 4.83 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.92 dividend on an annualized basis and a yield of 1.37%. Century Communities’s dividend payout ratio is presently 7.23%.

Insider Buying and Selling at Century Communities

In other Century Communities news, CFO John Scott Dixon sold 3,173 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $66.72, for a total transaction of $211,702.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.90% of the company’s stock.

Century Communities Company Profile

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Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following segments: West, Mountain, Texas, Southeast, Century Complete, and Financial Services. The West segment refers to projects in California and Washington.