Brandywine Global Investment Management LLC Has $6.90 Million Stake in Century Communities, Inc. (NYSE:CCS)

Key Points

• Brandywine Global Investment Management LLC reduced its stake in Century Communities, Inc. by 3.7%, owning approximately $6.90 million worth of shares after selling 3,900 shares.
• Century Communities has reported a quarterly earnings per share of $1.37, surpassing expectations, along with a revenue of $1 billion despite a year-over-year decline.
• The company announced a quarterly dividend of $0.29 per share, yielding 1.8%, with the ex-dividend date set for August 27th.

Brandywine Global Investment Management LLC trimmed its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 3.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,866 shares of the construction company's stock after selling 3,900 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of Century Communities worth $6,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CCS. LPL Financial LLC increased its holdings in shares of Century Communities by 41.6% in the fourth quarter. LPL Financial LLC now owns 3,574 shares of the construction company's stock valued at $262,000 after purchasing an additional 1,050 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Century Communities by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 18,036 shares of the construction company's stock valued at $1,323,000 after purchasing an additional 3,124 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Century Communities by 67.2% in the fourth quarter. Cerity Partners LLC now owns 5,649 shares of the construction company's stock valued at $414,000 after purchasing an additional 2,270 shares during the last quarter. Invesco Ltd. increased its holdings in shares of 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 last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after purchasing an additional 688 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCS has been the topic of several research reports. B. Riley initiated coverage on shares of Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective on the stock. Wedbush decreased their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Century Communities from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $85.00.

Century Communities Trading Up 0.3%

Shares of Century Communities stock opened at $65.55 on Friday. The firm has a 50-day moving average of $58.55 and a 200-day moving average of $61.75. The stock has a market cap of $1.95 billion, a PE ratio of 8.00 and a beta of 1.41. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $910.70 million. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. Century Communities's quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.65 earnings per share. As a group, sell-side analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 27th. Century Communities's payout ratio is presently 14.16%.

Century Communities Company 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.

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