Principal Financial Group Inc. Has $9.82 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Principal Financial Group Inc. lifted its position in Century Communities, Inc. (NYSE:CCS) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 133,860 shares of the construction company’s stock after acquiring an additional 3,747 shares during the period. Principal Financial Group Inc. owned about 0.43% of Century Communities worth $9,820,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CCS. Franklin Resources Inc. lifted its stake in Century Communities by 11.6% in 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. Jennison Associates LLC lifted its position in shares of Century Communities by 9.9% in the third 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 in the last quarter. Bank of Montreal Can boosted its holdings in shares of Century Communities by 1,477.5% during the third quarter. Bank of Montreal Can now owns 51,442 shares of the construction company’s stock worth $5,307,000 after purchasing an additional 48,181 shares during the period. Basswood Capital Management L.L.C. increased its stake in 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 valued at $44,896,000 after buying an additional 46,104 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Century Communities in the 3rd quarter worth approximately $4,403,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Down 0.5 %

Century Communities stock opened at $69.48 on Friday. The company has a market capitalization of $2.15 billion, a P/E ratio of 6.68 and a beta of 1.92. Century Communities, Inc. has a 1-year low of $68.49 and a 1-year high of $108.42. The firm’s fifty day simple moving average is $74.01 and its 200-day simple moving average is $86.91. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Sell-side analysts forecast that Century Communities, Inc. will post 11.07 earnings per share 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. Investors of record on Wednesday, February 26th will be issued a $0.29 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, February 26th. Century Communities’s payout ratio is 11.15%.

Wall Street Analysts Forecast Growth

CCS has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded shares of 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 report on Friday, December 13th. Wedbush restated a “neutral” rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, Zelman & Associates upgraded Century Communities to a “hold” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Century Communities has a consensus rating of “Hold” and a consensus price target of $103.00.

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.