Century Communities, Inc. $CCS Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in Century Communities, Inc. (NYSE:CCS) by 28.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 289,391 shares of the construction company’s stock after purchasing an additional 64,654 shares during the period. Franklin Resources Inc.’s holdings in Century Communities were worth $16,299,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Century Communities by 1.1% in the first quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company’s stock worth $133,749,000 after buying an additional 21,619 shares during the period. Wellington Management Group LLP grew its position in shares of Century Communities by 32.5% during the first quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company’s stock worth $104,592,000 after acquiring an additional 382,408 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after acquiring an additional 282,133 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Century Communities by 8.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 570,335 shares of the construction company’s stock valued at $38,269,000 after purchasing an additional 42,809 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Century Communities by 5.0% in the 2nd quarter. Jennison Associates LLC now owns 480,475 shares of the construction company’s stock valued at $27,060,000 after purchasing an additional 23,073 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

NYSE CCS opened at $65.29 on Friday. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $92.04. The firm has a market capitalization of $1.92 billion, a PE ratio of 9.53 and a beta of 1.53. The company’s 50 day simple moving average is $60.98 and its 200 day simple moving average is $60.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54.

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

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. Century Communities’s payout ratio is presently 16.93%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CCS shares. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Century Communities in a research report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Century Communities 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.