Westwood Holdings Group Inc. Purchases 282,133 Shares of Century Communities, Inc. $CCS

Westwood Holdings Group Inc. raised its position in shares of Century Communities, Inc. (NYSE:CCS) by 26.6% in the second quarter, HoldingsChannel reports. The firm owned 1,341,781 shares of the construction company’s stock after buying an additional 282,133 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Century Communities were worth $75,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sigma Planning Corp increased its holdings in Century Communities by 4.2% during the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock valued at $330,000 after buying an additional 200 shares during the last quarter. US Bancorp DE raised its holdings in Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares during the period. Benjamin Edwards Inc. grew its holdings in Century Communities by 4.7% during the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock valued at $394,000 after purchasing an additional 266 shares during the period. GAMMA Investing LLC increased its position in Century Communities by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after buying an additional 275 shares in the last quarter. Finally, Boston Partners increased its position in Century Communities by 3.5% in the first quarter. Boston Partners now owns 9,171 shares of the construction company’s stock worth $615,000 after buying an additional 314 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CCS. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Finally, Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $85.00.

Century Communities Trading Down 0.5%

Shares of CCS stock opened at $58.64 on Friday. The stock’s 50-day moving average price is $62.37 and its 200-day moving average price is $59.69. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $95.76. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 8.56 and a beta of 1.53. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.66. The business had revenue of $980.28 million for the quarter, compared to the consensus estimate of $906.10 million. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The company’s revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.77 EPS. Equities research analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, November 26th. Century Communities’s dividend payout ratio is currently 16.93%.

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.