Century Communities, Inc. (NYSE:CCS) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC reduced its holdings in Century Communities, Inc. (NYSE:CCS) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,710 shares of the construction company’s stock after selling 1,406 shares during the period. Kennedy Capital Management LLC owned approximately 0.26% of Century Communities worth $8,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CCS. Covestor Ltd raised its stake in shares of Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after acquiring an additional 133 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of Century Communities in the 4th quarter valued at approximately $36,000. GAMMA Investing LLC acquired a new position in shares of Century Communities during the 4th quarter worth $55,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Century Communities during the 1st quarter valued at $57,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Century Communities during the 4th quarter valued at $107,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. B. Riley upped their price target on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Wedbush upped their target price on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th.

Century Communities Stock Performance

NYSE:CCS traded down $0.75 during trading hours on Wednesday, reaching $103.99. 13,055 shares of the stock were exchanged, compared to its average volume of 311,891. Century Communities, Inc. has a 52 week low of $58.01 and a 52 week high of $105.33. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.26 billion, a P/E ratio of 11.62 and a beta of 1.86. The firm has a 50 day simple moving average of $85.71 and a 200-day simple moving average of $86.19.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.19. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.60 earnings per share. As a group, sell-side analysts forecast that Century Communities, Inc. will post 10.68 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were paid a $0.26 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a yield of 1.00%. Century Communities’s dividend payout ratio is currently 11.54%.

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.