Century Communities, Inc. (NYSE:CCS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in Century Communities, Inc. (NYSE:CCS) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,113 shares of the construction company’s stock after selling 17,432 shares during the period. Principal Financial Group Inc. owned about 0.42% of Century Communities worth $13,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 11.2% in the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after buying an additional 89,310 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Century Communities by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock worth $56,063,000 after purchasing an additional 49,256 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Century Communities by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after acquiring an additional 16,397 shares during the period. Franklin Resources Inc. boosted its stake in shares of Century Communities by 11.6% during the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after acquiring an additional 51,021 shares in the last quarter. Finally, Basswood Capital Management L.L.C. grew its holdings in shares of Century Communities by 11.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock worth $44,896,000 after acquiring an additional 46,104 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

CCS has been the subject of several research reports. Wedbush lifted their price objective on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. B. Riley reaffirmed a “buy” rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th.

Century Communities Stock Performance

NYSE CCS opened at $73.59 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a fifty-two week low of $73.28 and a fifty-two week high of $108.42. The business has a fifty day moving average of $86.53 and a 200-day moving average of $91.47. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 7.34 and a beta of 1.87.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. The firm 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 7.44% and a return on equity of 13.79%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.58 EPS. As a group, analysts predict that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.41%. Century Communities’s payout ratio is currently 10.37%.

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.