Westwood Holdings Group Inc. Raises Holdings in Century Communities, Inc. (NYSE:CCS)

Westwood Holdings Group Inc. grew its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 801,403 shares of the construction company's stock after acquiring an additional 99,136 shares during the period. Westwood Holdings Group Inc. owned about 2.59% of Century Communities worth $58,791,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CCS. Smartleaf Asset Management LLC increased its stake in shares of Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after purchasing an additional 569 shares in the last quarter. Sterling Capital Management LLC grew its stake in Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after buying an additional 688 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Century Communities in the fourth quarter valued at about $74,000. KBC Group NV lifted its stake in shares of Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after acquiring an additional 403 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Century Communities in the 4th quarter valued at about $142,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Century Communities news, Director Elisa Z. Ramirez acquired 500 shares of the firm's stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the transaction, the director now owns 8,981 shares of the company's stock, valued at $491,081.08. The trade was a 5.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders bought 2,400 shares of company stock valued at $130,426. Company insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CCS shares. Wedbush lowered their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $101.33.

Century Communities Stock Up 1.3%

CCS stock opened at $56.44 on Monday. The firm's 50-day moving average is $61.14 and its two-hundred day moving average is $72.58. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 5.43 and a beta of 1.57. Century Communities, Inc. has a 52 week low of $52.41 and a 52 week high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The firm had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. During the same quarter last year, the company earned $2.22 earnings per share. The business's revenue for the quarter was down 2.1% on a year-over-year basis. On average, analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.06%. Century Communities's dividend payout ratio (DPR) is presently 12.01%.

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.

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