Westwood Holdings Group Inc. Has $58.79 Million Stake in Century Communities, Inc. (NYSE:CCS)

Westwood Holdings Group Inc. increased its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 801,403 shares of the construction company's stock after buying 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCS. Barclays PLC increased its stake in shares of Century Communities by 8.5% in the third quarter. Barclays PLC now owns 76,114 shares of the construction company's stock worth $7,837,000 after buying an additional 5,981 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Century Communities by 26.3% in the fourth quarter. Park Avenue Securities LLC now owns 4,400 shares of the construction company's stock worth $323,000 after buying an additional 916 shares during the last quarter. KBC Group NV increased 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 buying an additional 403 shares during the last quarter. R Squared Ltd bought a new stake in shares of Century Communities in the fourth quarter worth $142,000. Finally, Vest Financial LLC increased its stake in shares of Century Communities by 125.1% in the fourth quarter. Vest Financial LLC now owns 32,139 shares of the construction company's stock worth $2,358,000 after buying an additional 17,859 shares during the last quarter. Institutional investors own 99.54% of the company's stock.

Insiders Place Their Bets

In related news, Director Elisa Z. Ramirez purchased 500 shares of the company's stock in a transaction on Friday, May 9th. The shares were bought 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. This represents a 5.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders have purchased 2,400 shares of company stock worth $130,426. 11.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Century Communities Stock Performance

Shares of CCS traded up $0.98 during midday trading on Friday, hitting $53.01. 724,968 shares of the stock traded hands, compared to its average volume of 368,577. Century Communities, Inc. has a 1-year low of $51.07 and a 1-year high of $108.42. The firm has a market capitalization of $1.62 billion, a PE ratio of 5.10 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The business's 50 day moving average price is $59.64 and its two-hundred day moving average price is $71.55.

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

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities's payout ratio is currently 12.01%.

About Century Communities

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.