Wellington Management Group LLP Sells 163,488 Shares of Century Communities, Inc. (NYSE:CCS)

Wellington Management Group LLP lessened its stake in shares of Century Communities, Inc. (NYSE:CCS) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,169,260 shares of the construction company’s stock after selling 163,488 shares during the quarter. Wellington Management Group LLP owned approximately 6.83% of Century Communities worth $197,706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. bought a new stake in shares of Century Communities during the fourth quarter worth $36,000. GAMMA Investing LLC bought a new stake in shares of Century Communities in the fourth quarter worth $55,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Century Communities in the fourth quarter worth $107,000. Everence Capital Management Inc. bought a new stake in shares of Century Communities in the fourth quarter worth $210,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Century Communities in the fourth quarter worth $215,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of Century Communities stock opened at $80.33 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a twelve month low of $58.01 and a twelve month high of $97.92. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 8.92 and a beta of 1.82. The company’s fifty day moving average is $82.92 and its 200 day moving average is $85.62.

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

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a yield of 1.29%. Century Communities’s dividend payout ratio (DPR) is currently 11.54%.

Analysts Set New Price Targets

Separately, Wedbush raised shares of Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 price objective on the stock in a research note on Friday, May 31st.

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.