Century Communities, Inc. $CCS Shares Sold by Dimensional Fund Advisors LP

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 reduced its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,128,970 shares of the construction company's stock after selling 232,514 shares during the quarter. Dimensional Fund Advisors LP owned about 6.97% of Century Communities worth $142,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CCS. LPL Financial LLC raised its position in shares of Century Communities by 41.6% in the 4th quarter. LPL Financial LLC now owns 3,574 shares of the construction company's stock worth $262,000 after buying an additional 1,050 shares during the period. Wells Fargo & Company MN raised its position in Century Communities by 20.9% in the fourth quarter. Wells Fargo & Company MN now owns 18,036 shares of the construction company's stock valued at $1,323,000 after purchasing an additional 3,124 shares during the period. Cerity Partners LLC raised its position in Century Communities by 67.2% in the fourth quarter. Cerity Partners LLC now owns 5,649 shares of the construction company's stock valued at $414,000 after purchasing an additional 2,270 shares during the period. Sterling Capital Management LLC raised its position in Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after purchasing an additional 688 shares during the period. Finally, Barclays PLC raised its position in Century Communities by 86.3% in the fourth quarter. Barclays PLC now owns 141,799 shares of the construction company's stock valued at $10,403,000 after purchasing an additional 65,685 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CCS. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research report on Friday. B. Riley began coverage on Century Communities in a research report on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.00.

Century Communities Stock Down 1.5%

Shares of Century Communities stock traded down $1.00 during trading hours on Tuesday, hitting $65.52. 311,191 shares of the company's stock traded hands, compared to its average volume of 312,712. The stock has a 50 day simple moving average of $60.12 and a 200-day simple moving average of $61.22. 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 cap of $1.94 billion, a PE ratio of 8.00 and a beta of 1.41. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The company's revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $2.65 earnings per share. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, August 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. Century Communities's dividend payout ratio (DPR) 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.