Russell Investments Group Ltd. Buys 20,257 Shares of Century Communities, Inc. $CCS

Key Points

• Russell Investments Group Ltd. increased its stake in Century Communities, Inc. by 38.3% in Q1, owning 73,172 shares valued at approximately $4.9 million.
• Century Communities reported strong earnings for the latest quarter, with an EPS of $1.37, surpassing estimates, but a 1.7% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.29 per share, with a yield of 1.9%, to be paid on September 10th to shareholders on record as of August 27th.

Russell Investments Group Ltd. increased its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 38.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,172 shares of the construction company's stock after acquiring an additional 20,257 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.24% of Century Communities worth $4,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after acquiring an additional 331 shares in the last quarter. US Bancorp DE boosted its stake in Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after acquiring an additional 232 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after acquiring an additional 688 shares in the last quarter. Covestor Ltd boosted its stake in Century Communities by 104.5% during the first quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock worth $73,000 after acquiring an additional 555 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Century Communities by 60.3% during the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock worth $106,000 after acquiring an additional 594 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. B. Riley assumed coverage on shares of Century Communities in a research note on Monday, June 30th. They set a "buy" rating and a $70.00 target price on the stock. Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $85.00.

Century Communities Stock Down 0.2%

Shares of CCS traded down $0.13 during trading hours on Wednesday, reaching $65.28. 187,065 shares of the stock traded hands, compared to its average volume of 311,567. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $60.38 and a 200 day simple moving average of $61.25. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $108.42. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 7.97 and a beta of 1.41.

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

Century Communities Dividend Announcement

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

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.