Basswood Capital Management L.L.C. Decreases Stock Position in Century Communities, Inc. (NYSE:CCS)

Basswood Capital Management L.L.C. reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 24.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,826 shares of the construction company’s stock after selling 107,140 shares during the quarter. Century Communities makes up 1.4% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 21st largest position. Basswood Capital Management L.L.C.’s holdings in Century Communities were worth $24,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after purchasing an additional 569 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Century Communities by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after buying an additional 688 shares during the last quarter. Headlands Technologies LLC purchased a new position in Century Communities during the fourth quarter worth $74,000. KBC Group NV raised its holdings in shares of Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after acquiring an additional 403 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Century Communities in the fourth quarter valued at $142,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CCS shares. Wedbush cut their target price on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Zelman & Associates raised shares of 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 given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.33.

Century Communities Stock Performance

Century Communities stock opened at $54.95 on Friday. The stock has a fifty day moving average price of $64.23 and a 200 day moving average price of $75.40. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 52 week low of $52.41 and a 52 week high of $108.42. The firm has a market capitalization of $1.68 billion, a P/E ratio of 5.28 and a beta of 1.57.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The company had revenue of $903.23 million for the quarter, compared to analysts’ expectations of $914.20 million. During the same quarter in the previous year, the company earned $2.22 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. Equities research analysts anticipate 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. Shareholders of record on Wednesday, February 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is 12.01%.

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.