Thrivent Financial for Lutherans lessened its stake in Century Communities, Inc. (NYSE:CCS – Get Rating) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,005 shares of the construction company’s stock after selling 686 shares during the period. Thrivent Financial for Lutherans’ holdings in Century Communities were worth $1,451,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its stake in Century Communities by 381.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 978 shares of the construction company’s stock worth $49,000 after purchasing an additional 775 shares during the period. Alpha Paradigm Partners LLC bought a new position in Century Communities during the third quarter worth about $120,000. Point72 Hong Kong Ltd lifted its stake in Century Communities by 125.4% during the first quarter. Point72 Hong Kong Ltd now owns 2,527 shares of the construction company’s stock worth $135,000 after purchasing an additional 1,406 shares during the period. Quantbot Technologies LP bought a new position in Century Communities during the third quarter worth about $184,000. Finally, Captrust Financial Advisors lifted its stake in Century Communities by 62.6% during the second quarter. Captrust Financial Advisors now owns 4,446 shares of the construction company’s stock worth $200,000 after purchasing an additional 1,711 shares during the period. Institutional investors own 88.86% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on CCS. StockNews.com began coverage on shares of Century Communities in a report on Thursday. They set a “hold” rating for the company. B. Riley raised their price objective on shares of Century Communities from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Century Communities in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Century Communities currently has an average rating of “Hold” and an average target price of $56.50.
Insider Transactions at Century Communities
Century Communities Trading Down 2.6 %
CCS opened at $67.04 on Monday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 5.27 and a beta of 1.74. Century Communities, Inc. has a 12 month low of $39.00 and a 12 month high of $69.82. The firm’s fifty day simple moving average is $63.40 and its 200 day simple moving average is $57.67. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.47.
Century Communities (NYSE:CCS – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.75 by $0.29. Century Communities had a net margin of 9.80% and a return on equity of 20.31%. The business had revenue of $735.60 million for the quarter, compared to analysts’ expectations of $595.35 million. During the same period in the previous year, the firm posted $4.20 EPS. The firm’s revenue was down 25.6% compared to the same quarter last year. As a group, research analysts anticipate that Century Communities, Inc. will post 4.83 EPS for the current fiscal year.
Century Communities Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.92 annualized dividend and a dividend yield of 1.37%. Century Communities’s dividend payout ratio is presently 7.23%.
Century Communities Company Profile
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.
- Get a free copy of the StockNews.com research report on Century Communities (CCS)
- MarketBeat Week in Review – 5/15 – 5/19
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
Want to see what other hedge funds are holding CCS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Century Communities, Inc. (NYSE:CCS – Get Rating).
Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.