279,868 Shares in Century Communities, Inc. $CCS Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 279,868 shares of the construction company's stock, valued at approximately $20,055,000. Bank of New York Mellon Corp owned approximately 0.98% of Century Communities as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in shares of Century Communities by 207.6% during the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company's stock worth $36,000 after buying an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company's stock valued at $41,000 after purchasing an additional 465 shares in the last quarter. State of Wyoming acquired a new stake in shares of Century Communities in the 2nd quarter valued at $82,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Century Communities during the 4th quarter worth $70,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock worth $81,000 after purchasing an additional 1,135 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Price Performance

Shares of CCS opened at $69.21 on Monday. Century Communities, Inc. has a fifty-two week low of $47.28 and a fifty-two week high of $76.00. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.18 and a beta of 1.30. The firm has a 50-day simple moving average of $68.46 and a 200-day simple moving average of $62.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The company had revenue of $927.23 million during the quarter, compared to analysts' expectations of $857.23 million. During the same period last year, the firm earned $1.37 EPS. The firm's revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Century Communities, Inc. will post 4.86 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Century Communities's payout ratio is currently 28.07%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Zacks Research upgraded shares of Century Communities from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 27th. Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Finally, Zelman & Associates downgraded shares of Century Communities from a "neutral" rating to an "underperform" rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $67.00.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

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