Allspring Global Investments Holdings LLC Purchases 12,188 Shares of Century Communities, Inc. (NYSE:CCS)

Allspring Global Investments Holdings LLC lifted its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,054 shares of the construction company's stock after acquiring an additional 12,188 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.30% of Century Communities worth $8,754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CCS. Mirae Asset Global Investments Co. Ltd. raised its position in Century Communities by 6.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,478 shares of the construction company's stock worth $1,228,000 after buying an additional 791 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Century Communities during the fourth quarter valued at approximately $107,000. Denali Advisors LLC boosted its holdings in Century Communities by 14.1% in the fourth quarter. Denali Advisors LLC now owns 63,738 shares of the construction company's stock worth $5,809,000 after purchasing an additional 7,900 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Century Communities in the fourth quarter worth approximately $1,051,000. Finally, Pacer Advisors Inc. grew its position in Century Communities by 21.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company's stock worth $94,423,000 after purchasing an additional 180,095 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CCS. Wedbush restated an "underperform" rating and issued a $82.00 price target (down from $92.00) on shares of Century Communities in a research note on Tuesday, April 2nd. B. Riley boosted their price target on Century Communities from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, February 1st.

Century Communities Stock Performance

Shares of Century Communities stock traded down $0.52 on Thursday, hitting $78.78. 244,592 shares of the company's stock were exchanged, compared to its average volume of 317,495. Century Communities, Inc. has a 1 year low of $58.01 and a 1 year high of $97.92. The company has a 50-day simple moving average of $87.48 and a 200-day simple moving average of $80.32. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $2.50 billion, a PE ratio of 9.79 and a beta of 1.71.

Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, January 31st. The construction company reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $2.27 by $0.66. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $915.91 million. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. As a group, equities analysts anticipate that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.26 per share. This is a boost from Century Communities's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Tuesday, February 27th. Century Communities's payout ratio is presently 12.92%.

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.