Century Communities, Inc. (NYSE:CCS) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,466 shares of the construction company’s stock after selling 400 shares during the period. Swiss National Bank owned approximately 0.18% of Century Communities worth $4,069,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after acquiring an additional 10,453 shares during the period. Principal Financial Group Inc. boosted its position in shares of Century Communities by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock worth $9,820,000 after purchasing an additional 3,747 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of Century Communities by 257.7% during the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after purchasing an additional 46,477 shares during the period. HighTower Advisors LLC purchased a new position in shares of Century Communities in the 3rd quarter valued at about $543,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Century Communities by 4.0% in the 4th quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company’s stock valued at $21,579,000 after purchasing an additional 11,389 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Century Communities Stock Down 1.1 %

Shares of NYSE CCS opened at $69.65 on Wednesday. The firm’s 50-day moving average is $72.94 and its two-hundred day moving average is $83.50. The company has a market capitalization of $2.16 billion, a PE ratio of 6.70 and a beta of 2.10. Century Communities, Inc. has a 12-month low of $66.07 and a 12-month high of $108.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.

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

Century Communities Increases Dividend

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

Century Communities Company 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.