Fmr LLC Purchases 3,025 Shares of Century Communities, Inc. (NYSE:CCS)

Fmr LLC grew its stake in shares of Century Communities, Inc. (NYSE:CCS) by 162.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,886 shares of the construction company’s stock after acquiring an additional 3,025 shares during the period. Fmr LLC’s holdings in Century Communities were worth $503,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC raised its position in shares of Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock valued at $654,000 after acquiring an additional 147 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Century Communities by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock worth $231,000 after purchasing an additional 172 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Century Communities by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company’s stock worth $1,160,000 after purchasing an additional 200 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in Century Communities by 7.8% during the third quarter. Park Avenue Securities LLC now owns 3,484 shares of the construction company’s stock valued at $359,000 after purchasing an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

CCS stock opened at $76.94 on Thursday. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 7.67 and a beta of 1.87. The firm’s 50-day moving average price is $90.01 and its two-hundred day moving average price is $91.83. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12-month low of $74.76 and a 12-month high of $108.42.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. Century Communities’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 EPS. As a group, equities analysts predict that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.35%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is currently 10.37%.

Analyst Ratings Changes

CCS has been the topic of a number of research analyst reports. Wedbush increased their price target on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. B. Riley reaffirmed a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Finally, StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th.

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.