Bridge City Capital LLC Has $3.29 Million Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Bridge City Capital LLC boosted its position in Century Communities, Inc. (NYSE:CCS) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,790 shares of the construction company’s stock after purchasing an additional 3,429 shares during the period. Bridge City Capital LLC’s holdings in Century Communities were worth $3,286,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Point72 Hong Kong Ltd bought a new stake in Century Communities in the third quarter valued at approximately $51,000. Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 569 shares during the last quarter. KBC Group NV raised its stake in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after acquiring an additional 403 shares during the period. R Squared Ltd acquired a new stake in Century Communities during the 4th quarter valued at $142,000. Finally, Daiwa Securities Group Inc. bought a new position in Century Communities during the third quarter worth $144,000. Institutional investors own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Century Communities Price Performance

Shares of Century Communities stock opened at $68.60 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 6.60 and a beta of 2.10. Century Communities, Inc. has a twelve month low of $66.07 and a twelve month high of $108.42. The company has a 50-day simple moving average of $72.98 and a two-hundred day simple moving average of $83.95.

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

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

Century Communities 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.