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% in the 4th quarter, HoldingsChannel reports. The firm owned 2,122 shares of the construction company’s stock after buying 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 reporting period.

Several other institutional investors have also recently modified their holdings of CCS. Signaturefd LLC lifted its position in shares of Century Communities by 14.1% in the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after acquiring an additional 161 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Century Communities by 3.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock worth $956,000 after purchasing an additional 319 shares during the last quarter. KBC Group NV grew its holdings in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after buying an additional 403 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Century Communities in the third quarter valued at approximately $51,000. Finally, Truvestments Capital LLC lifted its stake in shares of Century Communities by 12.3% during the third quarter. Truvestments Capital LLC now owns 6,748 shares of the construction company’s stock valued at $695,000 after buying an additional 739 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Trading Down 0.6 %

Shares of CCS opened at $70.71 on Tuesday. Century Communities, Inc. has a one year low of $68.49 and a one year high of $108.42. The stock has a 50-day moving average price of $74.72 and a 200 day moving average price of $87.54. 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 company has a market capitalization of $2.19 billion, a P/E ratio of 6.80 and a beta of 1.92.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.29 per share. 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 presently 11.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised 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 report on Friday, December 13th. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. Finally, Wedbush reiterated a “neutral” rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently 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.