First Eagle Investment Management LLC Raises Holdings in Century Communities, Inc. $CCS

First Eagle Investment Management LLC boosted its stake in shares of Century Communities, Inc. (NYSE:CCS) by 26.6% during the 3rd quarter, Holdings Channel reports. The firm owned 218,490 shares of the construction company’s stock after acquiring an additional 45,943 shares during the quarter. First Eagle Investment Management LLC’s holdings in Century Communities were worth $13,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCS. Westwood Holdings Group Inc. increased its holdings in Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after buying an additional 282,133 shares during the period. Balyasny Asset Management L.P. increased its stake 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 acquiring an additional 254,186 shares during the period. Voss Capital LP raised its holdings in shares of Century Communities by 280.0% during the second quarter. Voss Capital LP now owns 285,000 shares of the construction company’s stock worth $16,051,000 after purchasing an additional 210,000 shares during the last quarter. M&G PLC acquired a new position in Century Communities during the second quarter valued at $11,000,000. Finally, New South Capital Management Inc. purchased a new stake in Century Communities in the third quarter valued at $10,028,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Insider Activity

In related news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the sale, the chairman owned 561,662 shares in the company, valued at approximately $40,686,795.28. This trade represents a 15.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.60% of the company’s stock.

Century Communities Stock Performance

CCS opened at $65.37 on Wednesday. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $76.00. The firm has a market capitalization of $1.90 billion, a PE ratio of 13.45 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $66.32 and its 200 day moving average price is $63.98.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.20. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business earned $3.54 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.32 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. Century Communities’s payout ratio is presently 26.34%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Citigroup began coverage on shares of Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $74.75.

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.