Jennison Associates LLC Has $99.14 Million Holdings in Century Communities, Inc. (NYSE:CCS)

Jennison Associates LLC trimmed its stake in Century Communities, Inc. (NYSE:CCS) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,087,776 shares of the construction company’s stock after selling 26,690 shares during the period. Jennison Associates LLC owned about 3.42% of Century Communities worth $99,140,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CCS. Exchange Traded Concepts LLC grew its position in shares of Century Communities by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock valued at $924,000 after buying an additional 170 shares during the last quarter. Keybank National Association OH boosted its holdings in Century Communities by 3.6% in the third quarter. Keybank National Association OH now owns 7,650 shares of the construction company’s stock valued at $511,000 after acquiring an additional 264 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Century Communities during the 4th quarter valued at approximately $36,000. NBC Securities Inc. bought a new position in Century Communities during the 3rd quarter worth approximately $33,000. Finally, Rhumbline Advisers raised its holdings in Century Communities by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 96,602 shares of the construction company’s stock worth $6,451,000 after purchasing an additional 563 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CCS shares. Wedbush reiterated an “underperform” rating and set a $82.00 price objective (down from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd. B. Riley increased their price target on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 1st.

Century Communities Stock Up 0.9 %

Century Communities stock opened at $79.73 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $97.92. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 9.90 and a beta of 1.71. The firm has a 50 day simple moving average of $86.90 and a 200 day simple moving average of $80.77.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.27 by $0.66. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $915.91 million. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. On average, analysts predict that Century Communities, Inc. will post 10.06 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently declared 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 of this dividend was Tuesday, February 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.30%. This is a boost from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio (DPR) is presently 12.92%.

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.