Legal & General Group Plc Purchases Shares of 61,573 Century Communities, Inc. $CCS

Legal & General Group Plc purchased a new position in Century Communities, Inc. (NYSE:CCS - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,573 shares of the construction company's stock, valued at approximately $4,412,000. Legal & General Group Plc owned approximately 0.22% of Century Communities as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CCS. Parallel Advisors LLC increased its holdings in Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company's stock worth $36,000 after acquiring an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company's stock valued at $41,000 after purchasing an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Century Communities in the fourth quarter worth approximately $70,000. Jones Financial Companies Lllp increased its stake in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock worth $81,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Century Communities in the first quarter worth $81,000. Institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CCS shares. Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Weiss Ratings raised Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 24th. Zacks Research raised Century Communities from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 27th. Finally, Zelman & Associates cut Century Communities from a "neutral" rating to an "underperform" rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.00.

Century Communities Trading Up 1.0%

Shares of Century Communities stock opened at $64.55 on Friday. Century Communities, Inc. has a twelve month low of $47.28 and a twelve month high of $76.00. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $68.22 and a 200-day moving average price of $62.40. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 14.16 and a beta of 1.30.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.67. The company had revenue of $927.23 million for the quarter, compared to the consensus estimate of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm's revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 earnings per share. Equities research analysts anticipate that Century Communities, Inc. will post 4.86 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. Century Communities's payout ratio is 28.07%.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

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