Century Communities, Inc. $CCS Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Century Communities, acquiring 21,619 shares in Q1, now owning a total of 1,993,283 shares valued at $133.7 million.
• Analysts have mixed opinions on Century Communities, with target prices ranging from $70 to $88, and a consensus rating of "Moderate Buy."
• The company recently announced a $0.29 quarterly dividend, with a yield of 1.9%, reflecting a 14.16% dividend payout ratio.

Vanguard Group Inc. increased its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,993,283 shares of the construction company's stock after purchasing an additional 21,619 shares during the period. Vanguard Group Inc. owned approximately 6.53% of Century Communities worth $133,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Westwood Holdings Group Inc. raised its holdings in shares of Century Communities by 32.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company's stock worth $71,102,000 after purchasing an additional 258,245 shares during the last quarter. New Age Alpha Advisors LLC grew its position in Century Communities by 38.6% during the first quarter. New Age Alpha Advisors LLC now owns 60,001 shares of the construction company's stock valued at $4,026,000 after buying an additional 16,715 shares during the period. Factorial Partners LLC grew its position in Century Communities by 130.8% during the first quarter. Factorial Partners LLC now owns 18,000 shares of the construction company's stock valued at $1,208,000 after buying an additional 10,200 shares during the period. PNC Financial Services Group Inc. grew its position in Century Communities by 28.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,389 shares of the construction company's stock valued at $295,000 after buying an additional 979 shares during the period. Finally, US Bancorp DE grew its position in Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 99.54% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CCS shares. B. Riley started coverage on shares of Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Wall Street Zen upgraded shares of 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Century Communities Price Performance

Shares of NYSE CCS traded down $0.13 during trading on Wednesday, hitting $65.28. The company had a trading volume of 187,065 shares, compared to its average volume of 311,567. The stock has a fifty day simple moving average of $60.38 and a two-hundred day simple moving average of $61.25. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $108.42. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 7.97 and a beta of 1.41. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44.

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 (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the business earned $2.65 earnings per share. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a $0.29 dividend. 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 14.16%.

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.