Yousif Capital Management LLC Sells 192 Shares of Century Communities, Inc. (NYSE:CCS)

Yousif Capital Management LLC reduced its position in Century Communities, Inc. (NYSE:CCS) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,490 shares of the construction company’s stock after selling 192 shares during the quarter. Yousif Capital Management LLC’s holdings in Century Communities were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CCS. Ausbil Investment Management Ltd acquired a new stake in shares of Century Communities in the third quarter worth $618,000. Quest Partners LLC increased its stake in shares of Century Communities by 314.1% during the third quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock worth $1,470,000 after purchasing an additional 10,827 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Century Communities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock valued at $21,296,000 after acquiring an additional 10,453 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Century Communities during the 3rd quarter worth $543,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Century Communities by 26.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 87,914 shares of the construction company’s stock valued at $9,053,000 after acquiring an additional 18,342 shares in the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Trading Up 4.0 %

Shares of Century Communities stock opened at $74.64 on Friday. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 7.18 and a beta of 1.92. Century Communities, Inc. has a 52-week low of $68.49 and a 52-week high of $108.42. The company’s 50-day simple moving average is $75.95 and its 200-day simple moving average is $88.41. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts anticipate that Century Communities, Inc. will post 11.72 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.55%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is 10.00%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CCS shares. Wedbush reissued a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. B. Riley reiterated a “buy” rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $97.00 in a research note on Friday, December 13th. 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, Century Communities has an average rating of “Hold” and a consensus 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.