Century Communities, Inc. (NYSE:CCS) Holdings Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of Century Communities, Inc. (NYSE:CCS) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,361,484 shares of the construction company’s stock after selling 86,348 shares during the period. Dimensional Fund Advisors LP owned about 0.08% of Century Communities worth $173,238,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Century Communities by 8.5% during the third quarter. Barclays PLC now owns 76,114 shares of the construction company’s stock worth $7,837,000 after purchasing an additional 5,981 shares during the period. Virtu Financial LLC acquired a new stake in Century Communities during the third quarter worth about $340,000. Franklin Resources Inc. raised its stake in Century Communities by 11.6% during the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after acquiring an additional 51,021 shares during the period. JPMorgan Chase & Co. boosted its stake in Century Communities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock valued at $21,296,000 after acquiring an additional 10,453 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Century Communities by 24.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 11,548 shares of the construction company’s stock valued at $847,000 after purchasing an additional 2,269 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CCS shares. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. Wedbush reiterated a “neutral” rating and issued a $93.00 target price (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 assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Century Communities has a consensus rating of “Hold” and an average target price of $103.00.

Century Communities Stock Performance

CCS opened at $59.83 on Thursday. 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 business’s 50 day moving average is $66.75 and its 200-day moving average is $77.67. The stock has a market cap of $1.83 billion, a PE ratio of 5.75 and a beta of 1.76. Century Communities, Inc. has a twelve month low of $55.85 and a twelve month high of $108.42.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The business had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. On average, analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 1.94%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio is presently 11.15%.

Century Communities Company 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.