CIBC Asset Management Inc Makes New Investment in Century Communities, Inc. (NYSE:CCS)

CIBC Asset Management Inc acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,873 shares of the construction company’s stock, valued at approximately $211,000.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Century Communities by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after purchasing an additional 3,747 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Century Communities by 25.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 24,466 shares of the construction company’s stock valued at $1,795,000 after purchasing an additional 5,038 shares in the last quarter. Principal Securities Inc. grew its position in shares of Century Communities by 27.7% in the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after purchasing an additional 460 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Century Communities by 22.0% in the fourth quarter. New York State Teachers Retirement System now owns 14,854 shares of the construction company’s stock valued at $1,090,000 after purchasing an additional 2,675 shares in the last quarter. Finally, Vest Financial LLC grew its position in shares of Century Communities by 125.1% in the fourth quarter. Vest Financial LLC now owns 32,139 shares of the construction company’s stock valued at $2,358,000 after purchasing an additional 17,859 shares in the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Trading Down 3.8 %

CCS opened at $71.38 on Thursday. Century Communities, Inc. has a one year low of $68.49 and a one year high of $108.42. The stock has a market capitalization of $2.21 billion, a PE ratio of 6.86 and a beta of 1.92. The business’s 50 day moving average price is $74.24 and its 200 day moving average price is $87.17. 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 (NYSE:CCS) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating 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 expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.63%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, February 26th. Century Communities’s dividend payout ratio is 11.15%.

Analyst Ratings Changes

CCS has been the subject of a number of analyst reports. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded 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 upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, Wedbush reiterated a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. One investment 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. According to data from 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.