Smartleaf Asset Management LLC Buys 569 Shares of Century Communities, Inc. (NYSE:CCS)

Smartleaf Asset Management LLC raised its stake in Century Communities, Inc. (NYSE:CCS) by 336.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 738 shares of the construction company’s stock after buying an additional 569 shares during the period. Smartleaf Asset Management LLC’s holdings in Century Communities were worth $54,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Century Communities in the 3rd quarter valued at $51,000. KBC Group NV boosted its position in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares during the period. R Squared Ltd purchased a new stake in Century Communities during the 4th quarter valued at $142,000. Daiwa Securities Group Inc. purchased a new stake in Century Communities during the 3rd quarter valued at $144,000. Finally, Principal Securities Inc. boosted its position in Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after buying an additional 460 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Down 0.2 %

Shares of Century Communities stock opened at $71.64 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $2.22 billion, a PE ratio of 6.89 and a beta of 2.10. Century Communities, Inc. has a 52-week low of $66.71 and a 52-week high of $108.42. The company has a 50-day simple moving average of $73.51 and a two-hundred day simple moving average of $85.83.

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 the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.62%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, February 26th. Century Communities’s payout ratio is presently 11.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CCS shares. Wedbush reissued a “neutral” rating and set 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. raised 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 report on Friday, December 13th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.