PNC Financial Services Group Inc. Reduces Position in Century Communities, Inc. (NYSE:CCS)

PNC Financial Services Group Inc. lowered its stake in Century Communities, Inc. (NYSE:CCS) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,516 shares of the construction company’s stock after selling 234 shares during the period. PNC Financial Services Group Inc.’s holdings in Century Communities were worth $138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CCS. Daiwa Securities Group Inc. purchased a new position in Century Communities in the 4th quarter worth $36,000. GAMMA Investing LLC acquired a new position in Century Communities in the 4th quarter worth approximately $55,000. DekaBank Deutsche Girozentrale acquired a new position in Century Communities in the 4th quarter worth approximately $107,000. Everence Capital Management Inc. purchased a new position in Century Communities during the 4th quarter worth approximately $210,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Century Communities in the 4th quarter valued at $215,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Century Communities Price Performance

NYSE:CCS opened at $78.73 on Friday. The company has a 50 day moving average price of $82.55 and a 200-day moving average price of $85.59. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 8.74 and a beta of 1.86. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $97.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20.

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

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were issued a $0.26 dividend. The ex-dividend date was Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. Century Communities’s payout ratio is currently 11.54%.

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.