Algert Global LLC Increases Holdings in Century Communities, Inc. (NYSE:CCS)

Algert Global LLC lifted its position in Century Communities, Inc. (NYSE:CCS) by 13.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,075 shares of the construction company’s stock after buying an additional 19,828 shares during the period. Algert Global LLC owned approximately 0.53% of Century Communities worth $11,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Century Communities by 27.9% during the 4th 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. JPMorgan Chase & Co. grew its position in Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock valued at $21,296,000 after buying an additional 10,453 shares during the period. Principal Financial Group Inc. grew its position in Century Communities by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after buying an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock valued at $38,699,000 after buying an additional 34,046 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in Century Communities by 257.7% in the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after acquiring an additional 46,477 shares during the period. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Up 1.0 %

CCS opened at $54.95 on Friday. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 5.28 and a beta of 1.57. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s fifty day moving average is $64.23 and its 200 day moving average is $75.40. Century Communities, Inc. has a fifty-two week low of $52.41 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $2.22 EPS. On average, sell-side analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 2.11%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is presently 12.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wedbush reduced their price objective on Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.33.

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.