Truist Financial Corp Has $858,000 Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Truist Financial Corp grew its holdings in Century Communities, Inc. (NYSE:CCS) by 23.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,699 shares of the construction company’s stock after purchasing an additional 2,210 shares during the period. Truist Financial Corp’s holdings in Century Communities were worth $858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CCS. Harbor Capital Advisors Inc. grew its position in Century Communities by 3.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock worth $956,000 after acquiring an additional 319 shares during the last quarter. KBC Group NV increased its stake in shares of Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after acquiring an additional 403 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Century Communities by 27.7% in the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after acquiring an additional 460 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Century Communities during the 3rd quarter valued at $51,000. Finally, Truvestments Capital LLC increased its stake in Century Communities by 12.3% during the 3rd quarter. Truvestments Capital LLC now owns 6,748 shares of the construction company’s stock valued at $695,000 after purchasing an additional 739 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

CCS has been the subject of several recent analyst reports. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $97.00 in a report on Friday, December 13th. Finally, Wedbush reiterated a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $103.00.

Century Communities Price Performance

NYSE CCS opened at $69.48 on Friday. Century Communities, Inc. has a 52 week low of $68.49 and a 52 week high of $108.42. The firm has a market capitalization of $2.15 billion, a P/E ratio of 6.68 and a beta of 1.92. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $74.01 and a 200-day moving average price of $86.87.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating 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%. Equities research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.67%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is presently 11.15%.

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.