Century Communities, Inc. (NYSE:CCS) Stock Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its holdings in Century Communities, Inc. (NYSE:CCS) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,963 shares of the construction company’s stock after selling 1,474 shares during the quarter. Mackenzie Financial Corp’s holdings in Century Communities were worth $452,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. NBC Securities Inc. acquired a new stake in Century Communities in the third quarter worth about $33,000. Quantbot Technologies LP acquired a new position in Century Communities during the 3rd quarter valued at about $59,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Century Communities during the 4th quarter worth about $107,000. Legal Advantage Investments Inc. acquired a new stake in shares of Century Communities in the 4th quarter worth approximately $242,000. Finally, Vest Financial LLC bought a new position in shares of Century Communities in the fourth quarter valued at approximately $256,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

Shares of NYSE CCS opened at $78.82 on Friday. The firm has a 50-day moving average of $86.39 and a two-hundred day moving average of $81.02. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.75 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. Century Communities, Inc. has a twelve month low of $58.01 and a twelve month high of $97.92.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. The firm had revenue of $948.54 million during the quarter, compared to analysts’ expectations of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 13.06%. As a group, analysts expect that Century Communities, Inc. will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 27th. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. Century Communities’s payout ratio is 11.54%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wedbush reissued an “underperform” rating and set a $82.00 target price on shares of Century Communities in a report on Thursday. B. Riley lifted their price target on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 1st.

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.