Bank of New York Mellon Corp Has $21.58 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Bank of New York Mellon Corp lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 294,149 shares of the construction company’s stock after acquiring an additional 11,389 shares during the period. Bank of New York Mellon Corp owned approximately 0.95% of Century Communities worth $21,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. KBC Group NV grew its position in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares in the last quarter. Principal Securities Inc. raised its position in shares of Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after buying an additional 460 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Century Communities during the 3rd quarter valued at $51,000. Truvestments Capital LLC grew its holdings in shares of 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 during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Century Communities by 20.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,047 shares of the construction company’s stock valued at $520,000 after purchasing an additional 866 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CCS shares. Wedbush reissued a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. Finally, StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $103.00.

Century Communities Stock Performance

Shares of NYSE CCS opened at $71.64 on Tuesday. 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 firm has a fifty day moving average price of $73.51 and a 200-day moving average price of $85.83. Century Communities, Inc. has a 1 year low of $66.71 and a 1 year high of $108.42. The stock has a market cap of $2.22 billion, a PE ratio of 6.89 and a beta of 2.10.

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 analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is 11.15%.

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.