Century Communities, Inc. (NYSE:CCS) Stock Position Decreased by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA lessened its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 16.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,587 shares of the construction company’s stock after selling 2,770 shares during the period. Beach Investment Counsel Inc. PA’s holdings in Century Communities were worth $1,070,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CCS. AQR Capital Management LLC grew its position in Century Communities by 80.7% in the 2nd quarter. AQR Capital Management LLC now owns 20,942 shares of the construction company’s stock worth $1,710,000 after purchasing an additional 9,353 shares during the last quarter. Millennium Management LLC boosted its position in shares of Century Communities by 16.6% during the second quarter. Millennium Management LLC now owns 137,607 shares of the construction company’s stock worth $11,237,000 after buying an additional 19,630 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Century Communities by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 15,781 shares of the construction company’s stock worth $1,289,000 after buying an additional 453 shares during the period. Creative Planning boosted its position in shares of Century Communities by 42.6% during the second quarter. Creative Planning now owns 6,316 shares of the construction company’s stock worth $516,000 after buying an additional 1,887 shares during the period. Finally, Truist Financial Corp lifted its position in Century Communities by 24.8% in the second quarter. Truist Financial Corp now owns 8,413 shares of the construction company’s stock worth $687,000 after purchasing an additional 1,671 shares during the period. Institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wedbush restated a “neutral” rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $97.00 in a report on Friday, December 13th. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, B. Riley reaffirmed a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Century Communities Price Performance

Shares of NYSE:CCS opened at $74.92 on Tuesday. The company’s fifty day moving average is $79.08 and its two-hundred day moving average is $90.10. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 12-month low of $68.49 and a 12-month high of $108.42. The company has a market cap of $2.32 billion, a P/E ratio of 7.20 and a beta of 1.92.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities analysts expect that Century Communities, Inc. will post 12.1 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio is presently 10.00%.

Century Communities 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.