Century Communities, Inc. $CCS Stock Position Increased by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Century Communities by 7.5%, owning 80,180 shares valued at approximately $5.38 million after acquiring an additional 5,620 shares.
• Century Communities reported earnings of $1.37 per share for the latest quarter, exceeding expectations and reflecting a net margin of 6.03% on revenue of $1 billion.
• The company declared a quarterly dividend of $0.29, which represents an annualized yield of 1.7%, with the payout scheduled for September 10th.

Hotchkis & Wiley Capital Management LLC boosted its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 7.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,180 shares of the construction company's stock after acquiring an additional 5,620 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.26% of Century Communities worth $5,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CCS. Sigma Planning Corp raised its position 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 valued at $330,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE raised its holdings in Century Communities by 142.3% in 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 in the last quarter. Benjamin Edwards Inc. raised its stake 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 valued at $394,000 after purchasing an additional 266 shares in the last quarter. Boston Partners lifted its position in shares of Century Communities by 3.5% during the first quarter. Boston Partners now owns 9,171 shares of the construction company's stock worth $615,000 after purchasing an additional 314 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Century Communities by 533.9% during the first 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. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Stock Performance

CCS traded up $0.25 on Friday, hitting $65.91. 293,775 shares of the company's stock were exchanged, compared to its average volume of 303,547. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $60.90 and a two-hundred day moving average of $61.07. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $108.42. The firm has a market cap of $1.96 billion, a PE ratio of 8.05 and a beta of 1.41.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating analysts' consensus estimates 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%.Century Communities's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 earnings per share. On average, research 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, August 27th. Century Communities's dividend payout ratio is presently 14.16%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research lowered Century Communities from a "hold" rating to a "strong sell" rating in a report on Thursday. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, B. Riley assumed 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Century Communities has an average rating of "Hold" and an average price target of $85.00.

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.