Invesco Ltd. Sells 10,119 Shares of Century Communities, Inc. $CCS

Key Points

• Invesco Ltd. reduced its stake in Century Communities by 4.3% during the first quarter, now owning approximately 0.74% of the company, which is valued at around $15.17 million.
• Century Communities recently reported an earnings per share (EPS) of $1.37, exceeding analysts' expectations by $0.21, despite a 1.7% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.29 per share, resulting in an annualized yield of 1.7% with a low dividend payout ratio of 14.16%.

Invesco Ltd. lowered its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,082 shares of the construction company's stock after selling 10,119 shares during the quarter. Invesco Ltd. owned 0.74% of Century Communities worth $15,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Sigma Planning Corp increased its position in Century Communities by 4.2% during the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock valued at $330,000 after acquiring an additional 200 shares during the last quarter. US Bancorp DE increased its position in 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. Benjamin Edwards Inc. increased its position in Century Communities by 4.7% during the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock valued at $394,000 after acquiring an additional 266 shares during the last quarter. 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 valued at $26,000 after acquiring an additional 331 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Century Communities by 21.6% during the first quarter. Nisa Investment Advisors LLC now owns 2,806 shares of the construction company's stock valued at $188,000 after acquiring an additional 498 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

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

Century Communities Stock Performance

NYSE:CCS traded up $0.38 during mid-day trading on Thursday, hitting $65.69. 390,070 shares of the company traded hands, compared to its average volume of 299,846. The stock's fifty day moving average price is $60.65 and its 200-day moving average price is $61.19. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42. 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 firm has a market cap of $1.95 billion, a price-to-earnings ratio of 8.02 and a beta of 1.41.

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

Century Communities Dividend Announcement

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