DekaBank Deutsche Girozentrale Purchases Shares of 1,169 Century Communities, Inc. (NYSE:CCS)

DekaBank Deutsche Girozentrale purchased a new stake in Century Communities, Inc. (NYSE:CCS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,169 shares of the construction company’s stock, valued at approximately $107,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wasatch Advisors LP acquired a new stake in Century Communities during the 1st quarter worth approximately $32,942,000. Victory Capital Management Inc. grew its position in Century Communities by 340.6% during the 4th quarter. Victory Capital Management Inc. now owns 363,829 shares of the construction company’s stock worth $18,195,000 after acquiring an additional 281,249 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Century Communities during the 1st quarter worth $13,789,000. Pacer Advisors Inc. grew its position in Century Communities by 21.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after acquiring an additional 180,095 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Century Communities by 17.3% during the 3rd quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock worth $74,424,000 after acquiring an additional 164,478 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wedbush restated an “underperform” rating and set a $82.00 price objective (down previously from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd. B. Riley boosted their price objective on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st.

Century Communities Trading Down 1.6 %

NYSE CCS opened at $79.30 on Thursday. The business’s 50-day moving average price is $87.48 and its two-hundred day moving average price is $80.32. Century Communities, Inc. has a 12 month low of $58.01 and a 12 month high of $97.92. The firm has a market capitalization of $2.52 billion, a PE ratio of 9.85 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.66. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $915.91 million. On average, analysts expect that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. Century Communities’s payout ratio is currently 12.92%.

About Century Communities

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.