The Manufacturers Life Insurance Company Invests $865,000 in Century Communities, Inc. $CCS

The Manufacturers Life Insurance Company purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 12,064 shares of the construction company’s stock, valued at approximately $865,000.

Several other hedge funds also recently added to or reduced their stakes in CCS. Ieq Capital LLC purchased a new stake in Century Communities in the 2nd quarter worth about $721,000. Heartland Advisors Inc. purchased a new position in shares of Century Communities during the second quarter valued at approximately $37,006,000. Citizens Financial Group Inc. RI bought a new position in shares of Century Communities during the second quarter valued at approximately $437,000. BlackRock Inc. bought a new position in shares of Century Communities during the second quarter valued at approximately $367,973,000. Finally, Deutsche Bank AG purchased a new stake in shares of Century Communities in the second quarter worth approximately $8,704,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Performance

Shares of NYSE:CCS opened at $64.55 on Friday. The firm has a market cap of $1.84 billion, a PE ratio of 14.16 and a beta of 1.30. The firm’s 50 day simple moving average is $68.22 and its 200-day simple moving average is $62.40. Century Communities, Inc. has a one year low of $47.28 and a one year high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $857.23 million. During the same quarter in the previous year, the business earned $1.37 earnings per share. Century Communities’s quarterly revenue was down 8.1% on a year-over-year basis. As a group, equities analysts predict that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. Century Communities’s payout ratio is 28.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Finally, Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and an average target price of $67.00.

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.