12,064 Shares in Century Communities, Inc. $CCS Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in shares of Century Communities, Inc. (NYSE:CCS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,064 shares of the construction company’s stock, valued at approximately $865,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Century Communities in the 2nd quarter worth $367,973,000. Heartland Advisors Inc. bought a new stake in shares of Century Communities in the second quarter worth about $37,006,000. New South Capital Management Inc. increased its holdings in shares of Century Communities by 285.1% in the fourth quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock worth $36,169,000 after purchasing an additional 451,187 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Century Communities in the second quarter worth about $20,055,000. Finally, Balyasny Asset Management L.P. lifted its position in shares of Century Communities by 32.2% in the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after buying an additional 254,186 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zelman & Associates lowered shares of 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 issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Century Communities presently has an average rating of “Hold” and an average price target of $67.00.

Century Communities Trading Up 1.0%

CCS opened at $64.55 on Friday. The firm has a market cap of $1.84 billion, a P/E ratio of 14.16 and a beta of 1.30. Century Communities, Inc. has a 12 month low of $47.28 and a 12 month high of $76.00. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average of $68.22 and a 200 day moving average of $62.40.

Century Communities (NYSE:CCS) last issued its quarterly earnings data 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 the consensus estimate of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. As a group, research analysts forecast that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Dividend Announcement

The business 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 dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, August 26th. Century Communities’s dividend payout ratio is presently 28.07%.

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.