Voya Investment Management LLC Has $15.90 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Voya Investment Management LLC cut its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,682 shares of the construction company's stock after selling 136,225 shares during the period. Voya Investment Management LLC owned 0.70% of Century Communities worth $15,896,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CCS. Illinois Municipal Retirement Fund boosted its stake in Century Communities by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock worth $1,157,000 after purchasing an additional 349 shares in the last quarter. KBC Group NV boosted its position in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after buying an additional 403 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Century Communities by 27.7% in the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock valued at $156,000 after buying an additional 460 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after acquiring an additional 569 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after acquiring an additional 688 shares during the period. Institutional investors and hedge funds own 99.54% of the company's stock.

Wall Street Analyst Weigh In

CCS has been the topic of a number of research reports. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush cut their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given 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.

Century Communities Trading Down 0.1 %

NYSE:CCS traded down $0.05 during trading hours on Thursday, hitting $54.49. The stock had a trading volume of 311,645 shares, compared to its average volume of 358,774. The business's 50 day moving average is $64.94 and its 200-day moving average is $76.21. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 5.24 and a beta of 1.76. Century Communities, Inc. has a one year low of $52.41 and a one year high of $108.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS - Get Free Report) last posted 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). The business had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business's revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.22 earnings per share. Sell-side analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.13%. This is an increase from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's dividend payout ratio (DPR) is currently 12.01%.

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.