Northern Trust Corp Increases Stake in Century Communities, Inc. (NYSE:CCS)

Northern Trust Corp grew its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 343,446 shares of the construction company's stock after acquiring an additional 48,790 shares during the period. Northern Trust Corp owned 1.11% of Century Communities worth $25,195,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Century Communities by 8.5% during the 3rd 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 in the last quarter. Harbor Capital Advisors Inc. increased its position 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 buying an additional 2,269 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Century Communities by 26.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,400 shares of the construction company's stock worth $323,000 after buying an additional 916 shares in the last quarter. KBC Group NV boosted its position in shares of Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after acquiring an additional 403 shares during the period. Finally, R Squared Ltd bought a new position in shares of Century Communities in the fourth quarter valued at approximately $142,000. 99.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zelman & Associates raised shares of Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush reduced their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. 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, Century Communities currently has an average rating of "Hold" and an average price target of $101.33.

Insider Buying and Selling

In other Century Communities news, Director Elisa Z. Ramirez purchased 500 shares of the firm's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $54.68 per share, with a total value of $27,340.00. Following the completion of the purchase, the director now owns 8,981 shares of the company's stock, valued at $491,081.08. The trade was a 5.90% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 2,400 shares of company stock worth $130,426 in the last quarter. 11.90% of the stock is owned by insiders.

Century Communities Price Performance

CCS traded up $0.47 on Friday, reaching $56.18. The company had a trading volume of 49,756 shares, compared to its average volume of 456,525. Century Communities, Inc. has a 52-week low of $52.40 and a 52-week high of $108.42. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 5.40 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The business has a 50 day simple moving average of $61.42 and a 200 day simple moving average of $73.04.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. During the same quarter last year, the business posted $2.22 EPS. The business's quarterly revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.06%. Century Communities's dividend payout ratio (DPR) is presently 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.