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

Brandywine Global Investment Management LLC trimmed its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,766 shares of the construction company’s stock after selling 5,013 shares during the quarter. Brandywine Global Investment Management LLC owned 0.34% of Century Communities worth $7,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd acquired a new position in shares of Century Communities during the third quarter worth $51,000. Smartleaf Asset Management LLC raised its position in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares during the last quarter. KBC Group NV lifted its holdings in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after buying an additional 403 shares during the period. Daiwa Securities Group Inc. bought a new stake in shares of Century Communities in the 3rd quarter valued at about $144,000. Finally, R Squared Ltd bought a new stake in shares of Century Communities in the 4th quarter valued at about $142,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

Century Communities stock opened at $67.15 on Tuesday. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 6.46 and a beta of 2.10. Century Communities, Inc. has a 52-week low of $65.22 and a 52-week high of $108.42. 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 stock’s 50 day moving average price is $72.29 and its two-hundred day moving average price is $82.71.

Century Communities (NYSE:CCS) last issued its 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, equities analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.29 dividend. The ex-dividend date was Wednesday, February 26th. This is an increase 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 dividend payout ratio (DPR) is currently 11.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CCS shares. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Wedbush reiterated a “neutral” rating and set a $93.00 price objective (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Finally, Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $103.00.

About Century Communities

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.