Brandywine Global Investment Management LLC Has $7.83 Million Position in Century Communities, Inc. (NYSE:CCS)

Brandywine Global Investment Management LLC decreased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 106,766 shares of the construction company’s stock after selling 5,013 shares during the period. Brandywine Global Investment Management LLC’s holdings in Century Communities were worth $7,832,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Daiwa Securities Group Inc. acquired a new stake in shares of Century Communities in the 3rd quarter worth about $144,000. Bank of Montreal Can raised its stake in shares of Century Communities by 1,477.5% in the third quarter. Bank of Montreal Can now owns 51,442 shares of the construction company’s stock worth $5,307,000 after purchasing an additional 48,181 shares during the last quarter. FMR LLC lifted its holdings in shares of Century Communities by 162.5% in the third quarter. FMR LLC now owns 4,886 shares of the construction company’s stock valued at $503,000 after purchasing an additional 3,025 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Century Communities by 74.5% during the third quarter. BNP Paribas Financial Markets now owns 41,864 shares of the construction company’s stock valued at $4,311,000 after buying an additional 17,876 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Century Communities during the third quarter worth $1,771,000. 99.54% of the stock is owned by institutional investors.

Century Communities Price Performance

CCS opened at $67.15 on Tuesday. Century Communities, Inc. has a fifty-two week low of $65.22 and a fifty-two week high of $108.42. The firm has a 50-day moving average of $72.29 and a 200 day moving average of $82.71. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $2.08 billion, a P/E ratio of 6.46 and a beta of 2.10.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.73%. Century Communities’s payout ratio is presently 11.15%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush restated a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $103.00.

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.