Basswood Capital Management L.L.C. Cuts Position in Century Communities, Inc. (NYSE:CCS)

Basswood Capital Management L.L.C. reduced its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 328,826 shares of the construction company's stock after selling 107,140 shares during the quarter. Century Communities accounts for 1.4% of Basswood Capital Management L.L.C.'s holdings, making the stock its 21st largest position. Basswood Capital Management L.L.C. owned approximately 1.06% of Century Communities worth $24,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in Century Communities by 27.9% in the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock valued at $17,328,000 after purchasing an additional 51,589 shares during the period. JPMorgan Chase & Co. raised its stake in Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock worth $21,296,000 after purchasing an additional 10,453 shares during the period. Principal Financial Group Inc. grew its position in Century Communities by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock worth $9,820,000 after acquiring an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock worth $38,699,000 after purchasing an additional 34,046 shares during the last quarter. Finally, Edgestream Partners L.P. raised its holdings in Century Communities by 257.7% in the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after buying an additional 46,477 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wedbush lowered their target price on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Century Communities presently has a consensus rating of "Hold" and an average price target of $101.33.

Century Communities Trading Up 0.2 %

NYSE CCS traded up $0.13 during trading on Wednesday, hitting $53.20. The stock had a trading volume of 289,918 shares, compared to its average volume of 359,971. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.63 billion, a PE ratio of 5.12 and a beta of 1.57. The firm has a 50 day moving average price of $63.56 and a 200 day moving average price of $74.73. Century Communities, Inc. has a twelve month low of $52.41 and a twelve month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.22 EPS. As a group, equities research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.18%. Century Communities's dividend payout ratio is currently 12.01%.

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.