Century Communities, Inc. (NYSE:CCS) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Century Communities, Inc. (NYSE:CCS) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,535 shares of the construction company’s stock after acquiring an additional 2,480 shares during the period. Victory Capital Management Inc. owned 0.24% of Century Communities worth $5,541,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in Century Communities during the third quarter valued at $51,000. Smartleaf Asset Management LLC increased its stake in Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after purchasing an additional 569 shares during the last quarter. KBC Group NV increased its stake in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after purchasing an additional 403 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in Century Communities during the third quarter valued at $144,000. Finally, R Squared Ltd bought a new stake in Century Communities during the fourth quarter valued at $142,000. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CCS shares. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, Wedbush restated 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Century Communities has a consensus rating of “Hold” and an average price target of $103.00.

Century Communities Stock Up 0.9 %

Century Communities stock opened at $68.01 on Friday. The company has a 50-day simple moving average of $73.16 and a 200-day simple moving average of $84.99. The firm has a market capitalization of $2.11 billion, a P/E ratio of 6.54 and a beta of 2.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Century Communities, Inc. has a one year low of $66.62 and a one year high of $108.42.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, equities analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio is currently 11.15%.

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.