Nuveen LLC Invests $11.58 Million in Century Communities, Inc. $CCS

Key Points

• Nuveen LLC has acquired a new position in Century Communities, purchasing 172,621 shares worth approximately $11.58 million, representing ownership of 0.57% in the company.
• Century Communities recently reported earnings of $1.37 per share, surpassing analysts' expectations of $1.16, with total revenue reaching $1 billion for the quarter.
• The company declared a quarterly dividend of $0.29 per share, with an annualized yield of 1.7%, set to be paid to stockholders on September 10th.

Nuveen LLC purchased a new position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 172,621 shares of the construction company's stock, valued at approximately $11,583,000. Nuveen LLC owned about 0.57% of Century Communities at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCS. LPL Financial LLC increased its stake in Century Communities by 41.6% during the fourth quarter. LPL Financial LLC now owns 3,574 shares of the construction company's stock worth $262,000 after acquiring an additional 1,050 shares during the last quarter. Wells Fargo & Company MN increased its stake in Century Communities by 20.9% during the fourth quarter. Wells Fargo & Company MN now owns 18,036 shares of the construction company's stock worth $1,323,000 after acquiring an additional 3,124 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Century Communities by 2.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 32,003 shares of the construction company's stock worth $2,346,000 after buying an additional 888 shares during the period. MetLife Investment Management LLC boosted its position in shares of Century Communities by 5.9% in the fourth quarter. MetLife Investment Management LLC now owns 17,013 shares of the construction company's stock worth $1,248,000 after buying an additional 945 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of Century Communities by 28.0% in the fourth quarter. MML Investors Services LLC now owns 19,855 shares of the construction company's stock worth $1,457,000 after buying an additional 4,343 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

NYSE:CCS traded up $0.38 during trading hours on Thursday, reaching $65.69. 390,070 shares of the stock were exchanged, compared to its average volume of 299,846. 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 firm has a 50 day simple moving average of $60.65 and a 200-day simple moving average of $61.19. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $108.42. The stock has a market capitalization of $1.95 billion, a P/E ratio of 8.02 and a beta of 1.41.

Century Communities (NYSE:CCS - Get Free Report) last released its 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 return on equity of 10.99% and a net margin of 6.03%.The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $910.70 million. During the same quarter last year, the business posted $2.65 EPS. Century Communities's quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be issued 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 of this dividend is Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is currently 14.16%.

Analyst Ratings Changes

CCS has been the subject of several analyst reports. B. Riley initiated coverage on Century Communities in a research report on Monday, June 30th. They issued a "buy" rating and a $70.00 target price for the company. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. One investment 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, Century Communities has an average rating of "Moderate Buy" and an average price target of $85.00.

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.