Legal & General Group Plc Takes $4.41 Million Position in Century Communities, Inc. $CCS

Legal & General Group Plc acquired a new position in Century Communities, Inc. (NYSE:CCS) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 61,573 shares of the construction company’s stock, valued at approximately $4,412,000.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Century Communities in the 2nd quarter worth $367,973,000. Heartland Advisors Inc. purchased a new position in shares of Century Communities during the second quarter valued at $37,006,000. New South Capital Management Inc. raised its holdings in shares of Century Communities by 285.1% in the fourth quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after acquiring an additional 451,187 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Century Communities in the second quarter valued at about $20,055,000. Finally, Balyasny Asset Management L.P. lifted its stake in Century Communities by 32.2% in the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after acquiring an additional 254,186 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of Century Communities stock opened at $64.55 on Friday. The company has a market capitalization of $1.84 billion, a PE ratio of 14.16 and a beta of 1.30. The company has a 50-day simple moving average of $68.22 and a two-hundred day simple moving average of $62.40. Century Communities, Inc. has a one year low of $47.28 and a one year high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.67. The company had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. Century Communities’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. Research analysts expect that Century Communities, Inc. will post 4.86 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, August 26th. Century Communities’s dividend payout ratio (DPR) is currently 28.07%.

Analysts Set New Price Targets

A number of research analysts have commented on CCS shares. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $67.00.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.