Everence Capital Management Inc. Makes New Investment in Century Communities, Inc. (NYSE:CCS)

Everence Capital Management Inc. acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,300 shares of the construction company’s stock, valued at approximately $210,000.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. raised its position in Century Communities by 33.1% during the 3rd quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock worth $26,332,000 after buying an additional 97,953 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Century Communities by 19.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock worth $4,952,000 after buying an additional 12,024 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Century Communities during the 4th quarter worth $1,051,000. Qube Research & Technologies Ltd raised its position in Century Communities by 283.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock worth $2,145,000 after buying an additional 23,742 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Century Communities by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock valued at $924,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCS. B. Riley increased their price target on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Wedbush reiterated an “underperform” rating and issued a $82.00 price target (down previously from $92.00) on shares of Century Communities in a report on Tuesday, April 2nd.

Century Communities Stock Performance

Shares of CCS opened at $78.98 on Friday. The company has a 50-day simple moving average of $87.13 and a 200-day simple moving average of $80.40. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.51 billion, a PE ratio of 9.81 and a beta of 1.71. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $97.92.

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

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. This is a boost from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. Century Communities’s dividend payout ratio is presently 12.92%.

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.