Allianz Asset Management GmbH Makes New Investment in Century Communities, Inc. $CCS

Key Points

• Allianz Asset Management acquired 25,151 shares of Century Communities worth approximately $1.8 million, representing about 0.09% of the company. Institutional investors and hedge funds collectively own 99.54% of CCS.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $67.00. Ratings range from Strong Buy to Sell.
• Century Communities reported quarterly EPS of $1.30, exceeding the $0.63 analyst consensus, while revenue reached $927.23 million but declined 8.1% year over year. The company also pays a quarterly dividend of $0.32 per share, yielding approximately 2.1%.

Allianz Asset Management GmbH acquired a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 25,151 shares of the construction company's stock, valued at approximately $1,802,000. Allianz Asset Management GmbH owned about 0.09% of Century Communities at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CCS. BlackRock Inc. acquired a new position in shares of Century Communities during the second quarter valued at about $367,973,000. California State Teachers Retirement System increased its stake in Century Communities by 6,886.6% during the 2nd quarter. California State Teachers Retirement System now owns 2,266,677 shares of the construction company's stock valued at $162,430,000 after purchasing an additional 2,234,234 shares in the last quarter. Heartland Advisors Inc. acquired a new position in Century Communities during the 2nd quarter valued at approximately $37,006,000. Lakewood Capital Management LP purchased a new position in shares of Century Communities in the second quarter worth $34,898,000. Finally, New South Capital Management Inc. raised its holdings in shares of Century Communities by 285.1% in the fourth quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company's stock worth $36,169,000 after buying an additional 451,187 shares during the last quarter. 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 analyst reports. Weiss Ratings raised shares of Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 24th. Zelman & Associates cut Century Communities from a "neutral" rating to an "underperform" rating in a research report on Tuesday, July 7th. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th. Finally, Zacks Research upgraded shares of Century Communities from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $67.00.

Century Communities Trading Up 0.3%

Shares of NYSE:CCS opened at $62.24 on Thursday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12-month low of $47.28 and a 12-month high of $76.00. The business has a 50 day moving average of $67.72 and a two-hundred day moving average of $62.11. The company has a market capitalization of $1.77 billion, a PE ratio of 13.65 and a beta of 1.30.

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

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, August 26th. Century Communities's dividend payout ratio (DPR) is currently 28.07%.

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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