Century Communities, Inc. $CCS Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its position in Century Communities, Inc. (NYSE:CCS) by 109.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 66,784 shares of the construction company’s stock after buying an additional 34,946 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Century Communities were worth $3,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCS. Parallel Advisors LLC grew its holdings in Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after buying an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Century Communities by 175.5% during the second 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 last quarter. Aster Capital Management DIFC Ltd purchased a new position in Century Communities during the fourth quarter worth about $70,000. 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 during the period. Finally, Covestor Ltd boosted its stake in Century Communities by 28.8% during the fourth quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock worth $114,000 after buying an additional 431 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCS. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. B. Riley Financial downgraded Century Communities from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Century Communities has a consensus rating of “Hold” and an average target price of $67.00.

Century Communities Stock Performance

Shares of CCS opened at $69.61 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.56. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.27 and a beta of 1.29. The company’s 50 day simple moving average is $61.35 and its 200 day simple moving average is $61.94. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm had revenue of $927.23 million for the quarter, compared to the consensus estimate of $857.23 million. During the same period in the prior year, the business posted $1.37 earnings per share. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, sell-side analysts predict that Century Communities, Inc. will post 3.84 EPS for the current year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.28 annualized dividend and a yield of 1.8%. Century Communities’s dividend payout ratio is 28.07%.

About Century Communities

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.