Jennison Associates LLC Sells 12,428 Shares of Century Communities, Inc. $CCS

Jennison Associates LLC trimmed its holdings in Century Communities, Inc. (NYSE:CCS) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,045 shares of the construction company’s stock after selling 12,428 shares during the quarter. Jennison Associates LLC owned about 1.13% of Century Communities worth $19,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D grew its position in Century Communities by 12.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 38,006 shares of the construction company’s stock valued at $2,256,000 after purchasing an additional 4,076 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Century Communities by 29.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,425 shares of the construction company’s stock valued at $144,000 after purchasing an additional 554 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Century Communities by 17.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 27,932 shares of the construction company’s stock valued at $1,658,000 after purchasing an additional 4,122 shares during the last quarter. Vanguard Group Inc. grew its position in Century Communities by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after purchasing an additional 72,920 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its position in Century Communities by 51.8% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 22,294 shares of the construction company’s stock valued at $1,326,000 after purchasing an additional 7,605 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of NYSE CCS opened at $55.60 on Friday. The firm’s 50-day moving average price is $60.32 and its 200-day moving average price is $62.28. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.60 billion, a PE ratio of 12.52 and a beta of 1.38. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $76.00.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. The firm had revenue of $789.67 million for the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The business’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 EPS. As a group, analysts anticipate that Century Communities, Inc. will post 3.84 EPS for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, February 25th. This is a boost from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s payout ratio is 28.83%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CCS shares. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. Citigroup started coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set an “outperform” rating on the stock. B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $75.00 to $64.00 in a research report on Thursday, April 23rd. Finally, Wall Street Zen downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.00.

Insider Activity

In other news, Chairman Dale Francescon sold 100,100 shares of the firm’s stock in a transaction dated 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 sale, the chairman owned 561,662 shares of the company’s stock, valued at $40,686,795.28. This trade represents a 15.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.70% of the stock is currently owned by insiders.

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.