Heartland Advisors Inc. Has $28.90 Million Stock Position in Century Communities, Inc. $CCS

Heartland Advisors Inc. lifted its stake in Century Communities, Inc. (NYSE:CCS) by 8.7% during the third quarter, Holdings Channel reports. The fund owned 456,003 shares of the construction company’s stock after acquiring an additional 36,521 shares during the quarter. Century Communities accounts for 1.5% of Heartland Advisors Inc.’s holdings, making the stock its 5th largest position. Heartland Advisors Inc.’s holdings in Century Communities were worth $28,897,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CCS. Summit Global Investments bought a new position in Century Communities in the 3rd quarter worth $1,162,000. Penserra Capital Management LLC grew its position in shares of Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock valued at $257,000 after purchasing an additional 1,180 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Century Communities by 26.6% in the second quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after purchasing an additional 282,133 shares during the period. Creative Planning increased its stake in shares of Century Communities by 117.2% in the second quarter. Creative Planning now owns 37,891 shares of the construction company’s stock worth $2,134,000 after purchasing an additional 20,447 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Century Communities during the 3rd quarter worth about $2,826,000. Institutional investors own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CCS shares. Citigroup initiated coverage on Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating on the stock. B. Riley Financial restated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Citizens Jmp started coverage on shares of Century Communities in a research note on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.75.

Century Communities Price Performance

NYSE:CCS opened at $74.89 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08. The company has a 50-day moving average of $64.56 and a 200-day moving average of $63.40. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $76.00. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.41 and a beta of 1.57.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.54 earnings per share. As a group, equities research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.28 annualized dividend and a yield of 1.7%. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s payout ratio is presently 23.87%.

Insiders Place Their Bets

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the completion of the transaction, the chairman directly owned 561,662 shares of the company’s stock, valued at approximately $40,686,795.28. This trade represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 12.60% of the stock is owned by company insiders.

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.