Beach Investment Counsel Inc. PA Sells 2,770 Shares of Century Communities, Inc. (NYSE:CCS)

Beach Investment Counsel Inc. PA trimmed its position in shares of Century Communities, Inc. (NYSE:CCS) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,587 shares of the construction company’s stock after selling 2,770 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Century Communities were worth $1,070,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CCS. AQR Capital Management LLC boosted its holdings in Century Communities by 80.7% during the second quarter. AQR Capital Management LLC now owns 20,942 shares of the construction company’s stock valued at $1,710,000 after acquiring an additional 9,353 shares during the period. Millennium Management LLC raised its position in shares of Century Communities by 16.6% during the second quarter. Millennium Management LLC now owns 137,607 shares of the construction company’s stock valued at $11,237,000 after buying an additional 19,630 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Century Communities by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,781 shares of the construction company’s stock valued at $1,289,000 after buying an additional 453 shares during the last quarter. Creative Planning raised its position in shares of Century Communities by 42.6% during the second quarter. Creative Planning now owns 6,316 shares of the construction company’s stock valued at $516,000 after buying an additional 1,887 shares during the last quarter. Finally, Truist Financial Corp raised its position in shares of Century Communities by 24.8% during the second quarter. Truist Financial Corp now owns 8,413 shares of the construction company’s stock valued at $687,000 after buying an additional 1,671 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CCS shares. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. B. Riley reissued a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Finally, Wedbush reissued a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th.

Century Communities Stock Performance

NYSE CCS opened at $74.92 on Tuesday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 7.20 and a beta of 1.92. The company has a 50 day moving average of $79.08 and a 200-day moving average of $90.10. 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 1-year low of $68.49 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping 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, equities analysts forecast that Century Communities, Inc. will post 12.1 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. Century Communities’s payout ratio is presently 10.00%.

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.