Foundry Partners LLC Sells 1,050 Shares of Century Communities, Inc. (NYSE:CCS)

Foundry Partners LLC decreased its position in Century Communities, Inc. (NYSE:CCS) by 31.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,295 shares of the construction company’s stock after selling 1,050 shares during the period. Foundry Partners LLC’s holdings in Century Communities were worth $209,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new stake in Century Communities in the fourth quarter worth $1,285,000. American Century Companies Inc. grew its stake in Century Communities by 33.1% in the third quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock valued at $26,332,000 after acquiring an additional 97,953 shares during the period. Envestnet Asset Management Inc. grew its position in Century Communities by 19.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock valued at $4,952,000 after purchasing an additional 12,024 shares during the period. Assenagon Asset Management S.A. bought a new stake in Century Communities during the 4th quarter valued at $1,051,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Century Communities by 283.4% during the third quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock valued at $2,145,000 after buying an additional 23,742 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

Shares of Century Communities stock opened at $83.82 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. Century Communities, Inc. has a one year low of $58.01 and a one year high of $97.92. The business’s 50 day simple moving average is $86.86 and its two-hundred day simple moving average is $80.92. The stock has a market capitalization of $2.66 billion, a P/E ratio of 10.41 and a beta of 1.71.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.66. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $915.91 million. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. Analysts forecast that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were issued a $0.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.04 annualized dividend and a yield of 1.24%. This is a boost from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio (DPR) is 12.92%.

Analysts Set New Price Targets

CCS has been the subject of several research reports. B. Riley upped their target price on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Wedbush reaffirmed an “underperform” rating and issued a $82.00 price objective (down previously from $92.00) on shares of Century Communities in a research note on Tuesday, April 2nd.

Century Communities Company 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.