Century Communities, Inc. $CCS Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC significantly increased its stake in Century Communities, Inc. by 83.4% during the first quarter, now owning approximately 1.30% of the company valued at around $26.7 million.
• Research analysts have mixed views on Century Communities with one upgrading the stock to a "hold" and another downgrading it to a "strong sell", resulting in an average rating of "Hold" and a target price of $85.00.
• Century Communities declared a quarterly dividend of $0.29, reflecting an annualized payout of $1.16 and a yield of 1.7%, with a payout ratio of 14.16%.

Voya Investment Management LLC increased its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 83.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 397,380 shares of the construction company's stock after purchasing an additional 180,698 shares during the period. Voya Investment Management LLC owned 1.30% of Century Communities worth $26,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCS. Versant Capital Management Inc increased its position 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 purchasing an additional 331 shares during the last quarter. US Bancorp DE increased its position in shares of Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. Covestor Ltd increased its position in shares of Century Communities by 104.5% during the first quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock valued at $73,000 after acquiring an additional 555 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock valued at $81,000 after acquiring an additional 1,135 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Century Communities during the first quarter valued at about $91,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. B. Riley assumed coverage on shares of Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price target for the company. Finally, Zacks Research cut shares of Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $85.00.

Century Communities Stock Down 2.5%

Shares of Century Communities stock opened at $67.55 on Monday. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42. The company has a 50 day moving average of $62.92 and a 200 day moving average of $60.64. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2.00 billion, a P/E ratio of 8.25 and a beta of 1.46.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $910.70 million. During the same quarter in the previous year, the firm earned $2.65 earnings per share. The firm's quarterly revenue was down 1.7% on a year-over-year basis. As a group, research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were paid a $0.29 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. Century Communities's payout ratio is currently 14.16%.

About Century Communities

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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