Sumitomo Mitsui Trust Holdings Inc. Makes New Investment in Century Communities, Inc. (NYSE:CCS)

Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Century Communities, Inc. (NYSE:CCS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,001 shares of the construction company’s stock, valued at approximately $365,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Century Communities during the third quarter worth about $33,000. Quantbot Technologies LP purchased a new stake in shares of Century Communities in the third quarter valued at about $59,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Century Communities in the fourth quarter valued at about $107,000. Legal Advantage Investments Inc. purchased a new stake in shares of Century Communities in the fourth quarter valued at about $242,000. Finally, Vest Financial LLC purchased a new stake in shares of Century Communities in the fourth quarter valued at about $256,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Up 0.6 %

Shares of NYSE CCS opened at $78.82 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $2.50 billion, a PE ratio of 8.75 and a beta of 1.71. The firm’s 50-day moving average is $86.39 and its two-hundred day moving average is $81.02. Century Communities, Inc. has a 12-month low of $58.01 and a 12-month high of $97.92.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.67. The business had revenue of $948.54 million for the quarter, compared to the consensus estimate of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 13.06%. Equities analysts anticipate that Century Communities, Inc. will post 10.06 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were paid a dividend of $0.26 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.32%. Century Communities’s dividend payout ratio is presently 11.54%.

Analysts Set New Price Targets

CCS has been the topic of several recent research reports. Wedbush reaffirmed an “underperform” rating and issued a $82.00 price target on shares of Century Communities in a report on Thursday. B. Riley upped 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.

Century Communities Company 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.