Allspring Global Investments Holdings LLC Buys 18,342 Shares of Century Communities, Inc. (NYSE:CCS)

Allspring Global Investments Holdings LLC raised its stake in Century Communities, Inc. (NYSE:CCS) by 26.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,914 shares of the construction company’s stock after purchasing an additional 18,342 shares during the period. Allspring Global Investments Holdings LLC owned 0.28% of Century Communities worth $9,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Westwood Holdings Group Inc. grew its position in shares of Century Communities by 106.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock worth $76,610,000 after buying an additional 409,068 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Century Communities in the second quarter worth $7,419,000. Marshall Wace LLP increased its position in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after purchasing an additional 66,029 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Century Communities by 673.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company’s stock valued at $5,430,000 after purchasing an additional 57,904 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of Century Communities by 86.9% in the 2nd quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after purchasing an additional 57,341 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of NYSE CCS opened at $90.35 on Friday. The company has a 50 day simple moving average of $99.15 and a two-hundred day simple moving average of $90.57. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 10.03 and a beta of 1.85. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12 month low of $59.69 and a 12 month high of $108.42.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.58 earnings per share. As a group, analysts predict that Century Communities, Inc. will post 10.98 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.15%. The ex-dividend date was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is 11.54%.

Wall Street Analyst Weigh In

CCS has been the topic of several recent analyst reports. B. Riley reaffirmed a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research report on Thursday. Wedbush increased their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday.

Insider Activity at Century Communities

In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the sale, the chief executive officer now owns 477,931 shares in the company, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the sale, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the sale, the director now owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

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.