Jennison Associates LLC Has $71.33 Million Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Jennison Associates LLC lowered its position in Century Communities, Inc. (NYSE:CCS) by 32.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 739,132 shares of the construction company’s stock after selling 348,644 shares during the period. Jennison Associates LLC’s holdings in Century Communities were worth $71,326,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Century Communities by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,616,401 shares of the construction company’s stock worth $238,460,000 after purchasing an additional 17,842 shares during the period. Vanguard Group Inc. lifted its position in shares of Century Communities by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock worth $184,104,000 after purchasing an additional 29,989 shares during the period. Pacer Advisors Inc. lifted its position in shares of Century Communities by 21.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after purchasing an additional 180,095 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Century Communities by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 434,550 shares of the construction company’s stock worth $39,605,000 after purchasing an additional 8,214 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Century Communities by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 429,476 shares of the construction company’s stock worth $39,142,000 after purchasing an additional 1,194 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Up 0.6 %

CCS stock traded up $0.45 during midday trading on Tuesday, reaching $80.08. 48,283 shares of the company’s stock traded hands, compared to its average volume of 298,274. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 8.79 and a beta of 1.86. The firm’s fifty day moving average price is $82.51 and its 200-day moving average price is $85.47. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 52 week low of $58.01 and a 52 week high of $97.92.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. The business had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. As a group, sell-side analysts forecast that Century Communities, Inc. will post 10.36 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $1.04 annualized dividend and a dividend yield of 1.30%. Century Communities’s payout ratio is currently 11.54%.

Analysts Set New Price Targets

Separately, Wedbush upgraded shares of Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 price target on the stock in a research report on Friday, May 31st.

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.