Century Communities, Inc. (NYSE:CCS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in Century Communities, Inc. (NYSE:CCS) by 46.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,062 shares of the construction company’s stock after selling 40,852 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.15% of Century Communities worth $3,420,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CCS. Point72 Hong Kong Ltd acquired a new position in Century Communities in the third quarter valued at $51,000. KBC Group NV increased its stake in Century Communities by 44.3% in the fourth 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 last quarter. Signaturefd LLC grew its position in Century Communities by 14.1% during the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after acquiring an additional 161 shares during the period. R Squared Ltd purchased a new stake in Century Communities during the fourth quarter valued at about $142,000. Finally, Daiwa Securities Group Inc. purchased a new stake in Century Communities during the third quarter valued at about $144,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

Shares of NYSE CCS opened at $73.33 on Friday. Century Communities, Inc. has a 1-year low of $68.49 and a 1-year high of $108.42. The business has a 50-day moving average of $75.18 and a 200-day moving average of $87.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 7.05 and a beta of 1.92.

Century Communities (NYSE:CCS) last issued its 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%. On average, equities analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.29 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.58%. Century Communities’s dividend payout ratio is presently 10.00%.

Analyst Ratings Changes

A number of research firms have issued reports on CCS. Zelman & Associates raised Century Communities to a “hold” rating in a research report on Friday, January 31st. Wedbush reissued a “neutral” rating and set a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. B. Riley reissued a “buy” rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Century Communities presently has an average rating of “Hold” and an average target price of $103.00.

Century Communities 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.