Century Communities, Inc. (NYSE:CCS) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its position in shares of Century Communities, Inc. (NYSE:CCS) by 8.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,915 shares of the construction company’s stock after selling 4,992 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Century Communities worth $3,882,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CCS. JPMorgan Chase & Co. lifted its position in shares of Century Communities by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after purchasing an additional 10,453 shares during the last quarter. Principal Financial Group Inc. raised its stake in Century Communities by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after buying an additional 3,747 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock worth $38,699,000 after buying an additional 34,046 shares during the last quarter. Edgestream Partners L.P. boosted its position 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 acquiring an additional 46,477 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Century Communities in the 3rd quarter valued at about $543,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CCS. Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush reiterated a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $103.00.

Century Communities Price Performance

Shares of NYSE CCS opened at $58.97 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.81 billion, a P/E ratio of 5.67 and a beta of 1.76. The stock has a 50 day moving average of $68.39 and a two-hundred day moving average of $79.25. Century Communities, Inc. has a twelve month low of $55.85 and a twelve month high of $108.42.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is currently 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.