Wellington Management Group LLP Decreases Stock Position in Century Communities, Inc. (NYSE:CCS)

Wellington Management Group LLP cut its stake in shares of Century Communities, Inc. (NYSE:CCS) by 19.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,176,343 shares of the construction company’s stock after selling 281,430 shares during the quarter. Wellington Management Group LLP owned 3.80% of Century Communities worth $86,297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CCS. Smartleaf Asset Management LLC boosted its position in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after buying an additional 569 shares during the period. KBC Group NV increased its position in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after purchasing an additional 403 shares during the period. R Squared Ltd bought a new position in Century Communities in the 4th quarter worth $142,000. Principal Securities Inc. lifted its position in shares of Century Communities by 27.7% in the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock worth $156,000 after purchasing an additional 460 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in shares of Century Communities during the 4th quarter valued at about $211,000. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCS has been the subject of a number of research reports. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush reissued a “neutral” rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Century Communities has a consensus rating of “Hold” and an average target price of $103.00.

Century Communities Trading Up 4.3 %

NYSE:CCS opened at $65.63 on Friday. Century Communities, Inc. has a one year low of $61.07 and a one year high of $108.42. The company’s 50-day simple moving average is $71.41 and its 200 day simple moving average is $81.95. The firm has a market capitalization of $2.01 billion, a P/E ratio of 6.31 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. As a group, analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is currently 11.15%.

Century Communities Company 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.