Empowered Funds LLC Purchases Shares of 157,571 Century Communities, Inc. $CCS

Empowered Funds LLC acquired a new stake in Century Communities, Inc. (NYSE:CCS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 157,571 shares of the construction company’s stock, valued at approximately $11,292,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Century Communities in the second quarter valued at $367,973,000. Vanguard Group Inc. lifted its holdings in Century Communities by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after purchasing an additional 72,920 shares during the last quarter. Wellington Management Group LLP boosted its position in Century Communities by 9.3% in the fourth quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after buying an additional 139,141 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Century Communities by 32.2% in the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after buying an additional 254,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Century Communities by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock worth $38,562,000 after buying an additional 32,561 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

Century Communities Stock Up 1.2%

NYSE CCS opened at $69.21 on Friday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 15.18 and a beta of 1.30. Century Communities, Inc. has a 52 week low of $47.28 and a 52 week high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a fifty day moving average of $68.46 and a 200-day moving average of $62.67.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.67. The business had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. On average, equities research analysts forecast that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Century Communities’s payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CCS shares. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Zacks Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.00.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.