ZWJ Investment Counsel Inc. Takes Position in Century Communities, Inc. $CCS

Key Points

• ZWJ Investment Counsel Inc. has acquired a new stake in Century Communities, purchasing 4,293 shares valued at approximately $242,000 during the second quarter.
• Various hedge funds have significantly increased their stakes in Century Communities, with institutional investors now owning 99.54% of the company's stock.
• Wall Street analysts have mostly upgraded their ratings on Century Communities, with the stock currently holding an average rating of "Hold" and a consensus price target of $85.00.

ZWJ Investment Counsel Inc. purchased a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,293 shares of the construction company's stock, valued at approximately $242,000.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after purchasing an additional 331 shares in the last quarter. US Bancorp DE lifted its stake in shares of Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after acquiring an additional 232 shares during the period. Covestor Ltd lifted its stake in shares of Century Communities by 104.5% in the first quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock worth $73,000 after acquiring an additional 555 shares during the period. Jones Financial Companies Lllp lifted 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 acquiring an additional 1,135 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Century Communities in the first quarter worth approximately $91,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCS. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research note on Friday, September 5th. Zacks Research raised Century Communities from a "strong sell" rating to a "hold" rating in a research note on Friday, September 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Century Communities in a research note on Saturday, September 27th. Finally, B. Riley began coverage on Century Communities in a research note on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Century Communities currently has an average rating of "Hold" and a consensus price target of $85.00.

Century Communities Price Performance

Shares of CCS opened at $64.30 on Friday. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $104.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The business's 50 day moving average price is $64.18 and its two-hundred day moving average price is $60.18. The firm has a market cap of $1.91 billion, a PE ratio of 7.85 and a beta of 1.55.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.16 by $0.21. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The company's quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.65 earnings per share. On average, equities analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. Century Communities's payout ratio is currently 14.16%.

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.

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