Charles Schwab Investment Management Inc. Has $38.27 Million Stock Holdings in Century Communities, Inc. $CCS

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Century Communities, acquiring an additional 42,809 shares, bringing its total ownership to 570,335 shares, valued at approximately $38.27 million.
• Century Communities reported a quarterly EPS of $1.37, exceeding analyst expectations, and had revenue of $1 billion, a decrease of 1.7% year-over-year.
• The company recently announced a $0.29 quarterly dividend, reflecting an annualized yield of 1.8%, with a low payout ratio of 14.16%.

Charles Schwab Investment Management Inc. lifted its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 8.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 570,335 shares of the construction company's stock after buying an additional 42,809 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.87% of Century Communities worth $38,269,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Century Communities by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company's stock worth $133,749,000 after buying an additional 21,619 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Century Communities by 67.3% during the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after buying an additional 450,914 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Century Communities by 32.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company's stock worth $71,102,000 after buying an additional 258,245 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Century Communities by 51.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after buying an additional 230,113 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Century Communities by 16.6% during the 4th quarter. Northern Trust Corp now owns 343,446 shares of the construction company's stock worth $25,195,000 after buying an additional 48,790 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a research note on Friday. B. Riley assumed coverage on shares of Century Communities in a research note on Monday, June 30th. They set a "buy" rating and a $70.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

Century Communities Stock Performance

NYSE:CCS traded up $4.8290 during mid-day trading on Friday, reaching $67.5190. 427,126 shares of the company's stock were exchanged, compared to its average volume of 321,932. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42. The firm has a market capitalization of $2.00 billion, a PE ratio of 8.24 and a beta of 1.41. The business's fifty day simple moving average is $59.60 and its two-hundred day simple moving average is $61.35. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55.

Century Communities (NYSE:CCS - Get Free Report) last released 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 net margin of 6.03% and a return on equity of 10.99%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. During the same period last year, the firm earned $2.65 earnings per share. Century Communities's revenue for the quarter was down 1.7% compared to the same quarter last year. Analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. Century Communities's payout ratio is 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.