Wellington Management Group LLP Increases Holdings in Century Communities, Inc. $CCS

Wellington Management Group LLP grew its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 15.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,050,982 shares of the construction company’s stock after acquiring an additional 137,957 shares during the quarter. Wellington Management Group LLP owned 3.70% of Century Communities worth $75,313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCS. Parallel Advisors LLC lifted its position in Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after purchasing an additional 411 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Century Communities in the fourth quarter worth about $70,000. Meeder Asset Management Inc. purchased a new position in shares of Century Communities in the 1st quarter valued at approximately $81,000. Finally, Jones Financial Companies Lllp lifted its position in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after buying an additional 1,135 shares during the period. Institutional investors own 99.54% of the company’s stock.

Century Communities Trading Down 2.0%

Century Communities stock opened at $63.57 on Thursday. The stock has a market cap of $1.81 billion, a P/E ratio of 13.94 and a beta of 1.30. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. The firm’s 50 day moving average price is $68.49 and its 200-day moving average price is $62.47.

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

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be issued a $0.32 dividend. 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 2.0%. Century Communities’s dividend payout ratio (DPR) is presently 28.07%.

Wall Street Analysts Forecast Growth

CCS has been the topic of a number of analyst reports. Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Finally, Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.00.

Century Communities Company 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.