Heartland Advisors Inc. Buys Shares of 516,410 Century Communities, Inc. $CCS

Heartland Advisors Inc. purchased a new stake in shares of Century Communities, Inc. (NYSE:CCS) in the second quarter, HoldingsChannel reports. The firm purchased 516,410 shares of the construction company’s stock, valued at approximately $37,006,000. Century Communities comprises about 1.6% of Heartland Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding.

A number of other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings in shares of Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after acquiring an additional 411 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after purchasing an additional 465 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Century Communities in the 4th quarter valued at approximately $70,000. Meeder Asset Management Inc. purchased a new stake in Century Communities in the first quarter valued at approximately $81,000. Finally, Jones Financial Companies Lllp raised its position in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CCS. Weiss Ratings upgraded Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. cut their price objective on Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a report on Wednesday, April 29th. Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $67.00.

Century Communities Price Performance

Shares of CCS opened at $69.94 on Friday. Century Communities, Inc. has a fifty-two week low of $47.28 and a fifty-two week high of $76.00. The firm’s 50 day moving average price is $67.67 and its 200 day moving average price is $62.61. The company has a market cap of $1.99 billion, a P/E ratio of 15.34 and a beta of 1.30. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The company had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. During the same period in the prior year, the business earned $1.37 EPS. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. On average, research analysts forecast that Century Communities, Inc. will post 4.86 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Century Communities’s dividend payout ratio is currently 28.07%.

About Century Communities

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.