Heartland Advisors Inc. Purchases 36,521 Shares of Century Communities, Inc. $CCS

Heartland Advisors Inc. raised its holdings in Century Communities, Inc. (NYSE:CCS) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 456,003 shares of the construction company’s stock after acquiring an additional 36,521 shares during the quarter. Century Communities accounts for about 1.5% of Heartland Advisors Inc.’s portfolio, making the stock its 5th biggest holding. Heartland Advisors Inc. owned 1.55% of Century Communities worth $28,897,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Summit Global Investments acquired a new stake in Century Communities during the 3rd quarter worth about $1,162,000. Penserra Capital Management LLC increased its position in shares of Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after acquiring an additional 1,180 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Century Communities by 26.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock valued at $75,569,000 after acquiring an additional 282,133 shares during the period. Creative Planning raised its holdings in shares of Century Communities by 117.2% during the second quarter. Creative Planning now owns 37,891 shares of the construction company’s stock valued at $2,134,000 after acquiring an additional 20,447 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Century Communities in the 3rd quarter valued at approximately $2,826,000. Institutional investors own 99.54% of the company’s stock.

Insider Buying and Selling at Century Communities

In other news, Chairman Dale Francescon sold 100,100 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the transaction, 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 can be accessed through this link. Corporate insiders own 12.60% of the company’s stock.

Analyst Upgrades and Downgrades

CCS has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a report on Thursday, January 29th. Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Citigroup assumed coverage on Century Communities in a research report on Wednesday, January 21st. They set an “outperform” rating for the company. Finally, JPMorgan Chase & Co. dropped their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $74.75.

Century Communities Stock Performance

Shares of CCS stock opened at $74.89 on Tuesday. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $76.00. The stock’s 50-day moving average is $64.56 and its two-hundred day moving average is $63.40. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $2.18 billion, a P/E ratio of 15.41 and a beta of 1.57.

Century Communities (NYSE:CCS) last announced its quarterly 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $3.54 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. Analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm 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 dividend of $0.32 per share. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. Century Communities’s dividend payout ratio (DPR) is currently 23.87%.

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.