Diamond Hill Capital Management LLC Investment Advisor Makes New $4.35 Million Investment in Century Communities, Inc. $CCS

Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) in the second quarter, Holdings Channel.com reports. The firm purchased 60,703 shares of the construction company’s stock, valued at approximately $4,350,000.

Other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in Century Communities by 6.5% in the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after buying an additional 910 shares during the last quarter. AQR Capital Management LLC lifted its stake in Century Communities by 138.0% in the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock valued at $4,820,000 after acquiring an additional 41,653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Century Communities by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 529 shares during the last quarter. Jones Financial Companies Lllp grew 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 worth $81,000 after acquiring an additional 1,135 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Century Communities by 16.7% in the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock worth $1,416,000 after acquiring an additional 3,026 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Trading Down 0.4%

NYSE:CCS opened at $70.32 on Tuesday. The company’s 50 day moving average is $66.80 and its 200-day moving average is $62.42. 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, Inc. has a 12 month low of $47.28 and a 12 month high of $76.00. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.42 and a beta of 1.30.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.67. The business had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. Century Communities’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the business posted $1.37 EPS. Equities analysts anticipate that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Zacks Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. JPMorgan Chase & Co. lowered their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, B. Riley Financial cut Century Communities from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $75.00 to $64.00 in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.00.

Century Communities Profile

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.