Wellington Management Group LLP Increases Holdings in Century Communities, Inc. $CCS

Key Points

• Wellington Management Group LLP increased its holdings in Century Communities by 32.5%, bringing their total shares to 1,558,751, valued at approximately $104.6 million.
• Century Communities recently surpassed analysts' earnings expectations, reporting $1.37 earnings per share against an estimated $1.16, although revenue declined by 1.7% year-over-year.
• The company declared a quarterly dividend of $0.29 per share, representing an annualized yield of 1.9%, with the payment scheduled for September 10th.

Wellington Management Group LLP grew its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 32.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,558,751 shares of the construction company's stock after purchasing an additional 382,408 shares during the period. Wellington Management Group LLP owned about 5.10% of Century Communities worth $104,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sigma Planning Corp increased its holdings in shares of Century Communities by 4.2% in the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock worth $330,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE increased its holdings in shares of Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after purchasing an additional 232 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Century Communities by 4.7% in the 1st quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock worth $394,000 after purchasing an additional 266 shares in the last quarter. Boston Partners increased its holdings in shares of Century Communities by 3.5% in the 1st quarter. Boston Partners now owns 9,171 shares of the construction company's stock worth $615,000 after purchasing an additional 314 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after purchasing an additional 331 shares in the last quarter. Institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CCS shares. B. Riley started coverage on Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective for the company. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $85.00.

Century Communities Stock Performance

NYSE CCS traded down $0.47 on Wednesday, hitting $64.65. 19,118 shares of the company traded hands, compared to its average volume of 426,230. The business's 50 day moving average price is $60.12 and its 200-day moving average price is $61.22. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 7.91 and a beta of 1.41. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44.

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

Century Communities Announces Dividend

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 paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a 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 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.