5,800 Shares in Century Communities, Inc. (NYSE:CCS) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Century Communities, Inc. (NYSE:CCS) in the fourth quarter, Holdings Channel reports. The fund bought 5,800 shares of the construction company’s stock, valued at approximately $425,000.

Several other hedge funds also recently added to or reduced their stakes in CCS. American Century Companies Inc. increased its position in shares of Century Communities by 5.4% in the fourth quarter. American Century Companies Inc. now owns 58,059 shares of the construction company’s stock valued at $4,259,000 after buying an additional 2,951 shares in the last quarter. Quantbot Technologies LP grew its stake in Century Communities by 38.6% in the 4th quarter. Quantbot Technologies LP now owns 16,852 shares of the construction company’s stock valued at $1,236,000 after acquiring an additional 4,696 shares during the period. Magnetar Financial LLC acquired a new stake in Century Communities in the 4th quarter valued at $883,000. Boston Partners purchased a new stake in Century Communities in the 4th quarter worth $650,000. Finally, Intech Investment Management LLC lifted its holdings in Century Communities by 101.9% during the fourth quarter. Intech Investment Management LLC now owns 18,070 shares of the construction company’s stock valued at $1,326,000 after purchasing an additional 9,122 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCS has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and reduced their price target for the stock 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 note on Friday, January 31st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $103.00.

Century Communities Trading Up 4.3 %

Shares of CCS stock opened at $65.63 on Friday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 6.31 and a beta of 1.76. Century Communities, Inc. has a fifty-two week low of $61.07 and a fifty-two week high of $108.42. 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 50 day moving average price of $71.41 and a 200 day moving average price of $81.95.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 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%. Equities research analysts predict 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 was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.29 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.77%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is currently 11.15%.

About Century Communities

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.