Century Communities, Inc. (NYSE:CCS) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. increased its stake in shares of Century Communities, Inc. (NYSE:CCS) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,122 shares of the construction company’s stock after acquiring an additional 460 shares during the quarter. Principal Securities Inc.’s holdings in Century Communities were worth $156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Creative Planning increased its position in shares of Century Communities by 53.8% during the third quarter. Creative Planning now owns 9,713 shares of the construction company’s stock worth $1,000,000 after purchasing an additional 3,397 shares in the last quarter. Signaturefd LLC grew its stake in Century Communities by 14.1% during the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock worth $134,000 after buying an additional 161 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Century Communities by 3.6% during the third quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock worth $956,000 after buying an additional 319 shares during the period. Summit Global Investments lifted its stake in Century Communities by 72.1% in the third quarter. Summit Global Investments now owns 12,845 shares of the construction company’s stock valued at $1,323,000 after buying an additional 5,380 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Century Communities by 307.5% during the third quarter. Los Angeles Capital Management LLC now owns 21,235 shares of the construction company’s stock worth $2,187,000 after acquiring an additional 16,024 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Trading Down 0.6 %

Shares of Century Communities stock opened at $70.71 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 6.80 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 $74.72 and its 200-day simple moving average is $87.54.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.29 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.64%. Century Communities’s dividend payout ratio (DPR) is 11.15%.

Wall Street Analyst Weigh In

Several analysts recently commented on CCS shares. Wedbush reiterated a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, Zelman & Associates raised 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. According to data from MarketBeat.com, Century Communities has a consensus rating of “Hold” and an average 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.