Dimensional Fund Advisors LP Has $142.85 Million Stock Position in Century Communities, Inc. $CCS

Key Points

• Dimensional Fund Advisors LP reduced its stake in Century Communities, Inc. by 9.8%, now owning approximately 6.97% of the company, valued at around $142.85 million.
• Century Communities recently announced a quarterly dividend of $0.29 per share, translating to an annual yield of 1.8% with a payout ratio of 14.16%.
• Analysts have mixed ratings for Century Communities, with a consensus target price of $85.00 and one analyst categorizing the stock as a "Strong Buy."

Dimensional Fund Advisors LP cut its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,128,970 shares of the construction company's stock after selling 232,514 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.97% of Century Communities worth $142,852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in Century Communities by 533.9% during 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 during the last quarter. US Bancorp DE grew its holdings in Century Communities by 142.3% during the 1st 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 grew its holdings in Century Communities by 800.0% during the 4th 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 grew its holdings in Century Communities by 104.5% during the 1st 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 grew its holdings in Century Communities by 60.3% during the 1st 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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCS has been the subject of a number of research analyst reports. B. Riley initiated coverage on Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 price target for the company. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Century Communities currently has an average rating of "Moderate Buy" and an average price target of $85.00.

Century Communities Stock Performance

CCS stock traded down $0.98 during trading on Monday, reaching $66.47. 84,803 shares of the company's stock were exchanged, compared to its average volume of 428,799. 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, Inc. has a 1-year low of $50.42 and a 1-year high of $108.42. The company's fifty day moving average price is $59.60 and its 200-day moving average price is $61.24. The firm has a market cap of $1.97 billion, a PE ratio of 8.12 and a beta of 1.41.

Century Communities (NYSE:CCS - Get Free Report) last announced 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 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 quarter in the previous year, the firm posted $2.65 EPS. The firm's quarterly revenue was down 1.7% on a year-over-year basis. On average, research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company 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. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 27th. Century Communities's payout ratio is currently 14.16%.

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.