Voya Investment Management LLC Has $26.66 Million Stake in Century Communities, Inc. $CCS

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

Several other institutional investors and hedge funds have also recently bought and sold shares of CCS. Versant Capital Management Inc grew its stake in Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after acquiring an additional 331 shares in the last quarter. US Bancorp DE grew its stake in Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. Covestor Ltd grew its stake in Century Communities by 104.5% during the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock valued at $73,000 after acquiring an additional 555 shares in the last quarter. Jones Financial Companies Lllp grew its stake in 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 valued at $81,000 after acquiring an additional 1,135 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Century Communities during the 1st quarter valued at about $91,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Performance

Shares of CCS stock traded down $1.47 during trading hours on Friday, reaching $66.00. 1,036,673 shares of the company's stock were exchanged, compared to its average volume of 314,723. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $105.39. The stock has a market capitalization of $1.96 billion, a P/E ratio of 8.06 and a beta of 1.46. The business has a fifty day moving average price of $63.57 and a 200-day moving average price of $60.69. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44.

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

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.8%. Century Communities's payout ratio is 14.16%.

Analyst Upgrades and Downgrades

CCS has been the topic of several research analyst reports. Zacks Research cut Century Communities from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 28th. B. Riley initiated coverage on Century Communities in a research note on Monday, June 30th. They set a "buy" rating and a $70.00 target price on the stock. Finally, Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $85.00.

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.