Kennedy Capital Management LLC Grows Stock Position in Century Communities, Inc. (NYSE:CCS)

Kennedy Capital Management LLC boosted its stake in shares of Century Communities, Inc. (NYSE:CCS) by 7.7% in the 4th quarter, HoldingsChannel reports. The fund owned 95,090 shares of the construction company’s stock after buying an additional 6,787 shares during the quarter. Kennedy Capital Management LLC’s holdings in Century Communities were worth $6,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Invesco Ltd. boosted its stake in shares of Century Communities by 27.9% during the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock valued at $17,328,000 after purchasing an additional 51,589 shares during the period. Polymer Capital Management US LLC bought a new stake in Century Communities during the 4th quarter valued at $207,000. Cerity Partners LLC raised its holdings in Century Communities by 67.2% during the 4th quarter. Cerity Partners LLC now owns 5,649 shares of the construction company’s stock valued at $414,000 after buying an additional 2,270 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Century Communities by 14.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 166,483 shares of the construction company’s stock valued at $12,213,000 after buying an additional 21,142 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Century Communities by 20.9% in the 4th quarter. Wells Fargo & Company MN now owns 18,036 shares of the construction company’s stock worth $1,323,000 after acquiring an additional 3,124 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Down 0.5 %

Shares of CCS opened at $59.00 on Friday. Century Communities, Inc. has a 1-year low of $55.85 and a 1-year high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $69.10 and its 200-day moving average price is $79.84. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 5.67 and a beta of 1.76.

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

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.97%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CCS shares. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One equities 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $103.00.

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.