Heartland Advisors Inc. Cuts Stock Position in Century Communities, Inc. (NYSE:CCS)

Heartland Advisors Inc. lowered its stake in shares of Century Communities, Inc. (NYSE:CCS) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,999 shares of the construction company’s stock after selling 3,585 shares during the period. Heartland Advisors Inc. owned about 0.51% of Century Communities worth $11,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Century Communities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock valued at $21,296,000 after acquiring an additional 10,453 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Century Communities by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock worth $9,820,000 after buying an additional 3,747 shares in the last quarter. Edgestream Partners L.P. lifted its stake in Century Communities by 257.7% in the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after purchasing an additional 46,477 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Century Communities in the third quarter valued at approximately $543,000. Finally, Bank of New York Mellon Corp lifted its position in Century Communities by 4.0% during the fourth quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company’s stock worth $21,579,000 after buying an additional 11,389 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Down 0.5 %

NYSE:CCS opened at $69.18 on Friday. Century Communities, Inc. has a 52 week low of $66.07 and a 52 week high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $72.64 and its two-hundred day moving average is $83.30. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 6.65 and a beta of 2.10.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 1.68%. Century Communities’s dividend payout ratio (DPR) is 11.15%.

Analysts Set New Price Targets

Several research firms have recently commented on CCS. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $110.00 to $97.00 in a research report on Friday, December 13th. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, Wedbush restated a “neutral” rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $103.00.

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.