Clearbridge Investments LLC Increases Stock Position in Century Communities, Inc. (NYSE:CCS)

Clearbridge Investments LLC lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 2.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,475 shares of the construction company’s stock after buying an additional 6,895 shares during the quarter. Clearbridge Investments LLC’s holdings in Century Communities were worth $28,127,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CCS. Pacer Advisors Inc. lifted its stake in shares of Century Communities by 21.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock valued at $94,423,000 after buying an additional 180,095 shares in the last quarter. Norges Bank bought a new stake in Century Communities during the 4th quarter worth approximately $11,727,000. First Trust Advisors LP increased its holdings in Century Communities by 27.8% during the 4th quarter. First Trust Advisors LP now owns 339,697 shares of the construction company’s stock worth $30,960,000 after acquiring an additional 73,991 shares during the period. Vanguard Group Inc. increased its holdings in Century Communities by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock worth $184,104,000 after acquiring an additional 29,989 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in Century Communities by 46.0% during the 1st quarter. First Eagle Investment Management LLC now owns 93,678 shares of the construction company’s stock worth $9,040,000 after acquiring an additional 29,500 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CCS. Wedbush raised shares of Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 target price on the stock in a report on Friday, May 31st. B. Riley reaffirmed a “buy” rating and set a $110.00 target price on shares of Century Communities in a report on Tuesday, July 16th.

Century Communities Price Performance

Shares of NYSE:CCS traded up $1.15 during trading on Tuesday, reaching $99.38. The company had a trading volume of 307,680 shares, compared to its average volume of 310,201. The company has a fifty day moving average of $84.43 and a two-hundred day moving average of $85.70. The stock has a market capitalization of $3.16 billion, a P/E ratio of 11.03 and a beta of 1.86. Century Communities, Inc. has a 12 month low of $58.01 and a 12 month high of $101.50. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. The firm had revenue of $948.54 million for the quarter, compared to analyst estimates of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. Equities research analysts forecast that Century Communities, Inc. will post 10.36 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Wednesday, May 29th. Century Communities’s payout ratio is 11.54%.

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.