Dimensional Fund Advisors LP lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS – Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,621,668 shares of the construction company’s stock after purchasing an additional 9,179 shares during the period. Dimensional Fund Advisors LP owned about 8.19% of Century Communities worth $200,871,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new stake in Century Communities during the 1st quarter valued at $32,000. Tower Research Capital LLC TRC lifted its position in shares of Century Communities by 584.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,539 shares of the construction company’s stock worth $98,000 after purchasing an additional 1,314 shares during the period. Point72 Hong Kong Ltd lifted its position in shares of Century Communities by 125.4% in the 1st 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. State of Wyoming lifted its position in shares of Century Communities by 8.6% in the 4th quarter. State of Wyoming now owns 2,596 shares of the construction company’s stock worth $130,000 after purchasing an additional 206 shares during the period. Finally, Alpha Paradigm Partners LLC purchased a new stake in shares of Century Communities in the 3rd quarter worth about $120,000. Institutional investors own 88.31% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Century Communities in a research report on Thursday, October 5th. They issued a “hold” rating for the company. B. Riley raised their target price on shares of Century Communities from $82.00 to $92.00 in a research report on Thursday, July 27th. Finally, Wedbush decreased their price target on shares of Century Communities from $89.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and an average target price of $73.67.
Century Communities Stock Down 0.0 %
Shares of Century Communities stock opened at $72.11 on Friday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 9.38 and a beta of 1.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.04 and a quick ratio of 1.04. Century Communities, Inc. has a 1 year low of $45.36 and a 1 year high of $82.70. The company has a 50-day moving average of $65.73 and a 200 day moving average of $69.54.
Century Communities (NYSE:CCS – Get Free Report) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.99. The business had revenue of $889.42 million during the quarter, compared to analyst estimates of $801.87 million. Century Communities had a net margin of 6.75% and a return on equity of 11.55%. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 7.44 earnings per share for the current fiscal year.
Century Communities Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.92 dividend on an annualized basis and a yield of 1.28%. Century Communities’s dividend payout ratio is currently 11.96%.
About Century Communities
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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