Century Communities, Inc. $CCS Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. grew its position in Century Communities, Inc. (NYSE:CCS) by 26.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,341,781 shares of the construction company’s stock after buying an additional 282,133 shares during the quarter. Westwood Holdings Group Inc. owned 4.52% of Century Communities worth $75,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC increased its holdings in Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock valued at $257,000 after buying an additional 1,180 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Century Communities by 9.6% in the 1st quarter. American Century Companies Inc. now owns 63,659 shares of the construction company’s stock valued at $4,272,000 after acquiring an additional 5,600 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Century Communities during the 2nd quarter valued at approximately $582,000. Jump Financial LLC lifted its stake in Century Communities by 109.7% during the first quarter. Jump Financial LLC now owns 14,188 shares of the construction company’s stock worth $952,000 after purchasing an additional 7,421 shares during the last quarter. Finally, Creative Planning boosted its holdings in Century Communities by 117.2% in the second quarter. Creative Planning now owns 37,891 shares of the construction company’s stock worth $2,134,000 after purchasing an additional 20,447 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Trading Down 0.1%

Shares of NYSE:CCS opened at $63.30 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $60.93 and its 200 day moving average price is $60.78. The company has a market cap of $1.86 billion, a PE ratio of 9.24 and a beta of 1.53. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $84.48.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.86 by $0.66. The company had revenue of $980.28 million for the quarter, compared to analyst estimates of $906.10 million. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. Century Communities’s revenue was down 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.77 earnings per share. Sell-side analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, November 26th. Century Communities’s dividend payout ratio (DPR) is currently 16.93%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCS. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $56.00 price objective on shares of Century Communities in a research note on Thursday, December 4th. Finally, Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $71.33.

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.