Envestnet Asset Management Inc. Acquires 21,142 Shares of Century Communities, Inc. (NYSE:CCS)

Envestnet Asset Management Inc. increased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 14.5% in the 4th quarter, HoldingsChannel reports. The firm owned 166,483 shares of the construction company’s stock after acquiring an additional 21,142 shares during the period. Envestnet Asset Management Inc.’s holdings in Century Communities were worth $12,213,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CCS. FMR LLC grew its position in shares of Century Communities by 162.5% during the 3rd quarter. FMR LLC now owns 4,886 shares of the construction company’s stock worth $503,000 after buying an additional 3,025 shares during the period. HighTower Advisors LLC bought a new stake in Century Communities in the third quarter valued at $543,000. Stifel Financial Corp raised its holdings in shares of Century Communities by 21.8% during the third quarter. Stifel Financial Corp now owns 14,991 shares of the construction company’s stock valued at $1,544,000 after purchasing an additional 2,682 shares during the period. Barclays PLC boosted its position in shares of Century Communities by 8.5% during the 3rd quarter. Barclays PLC now owns 76,114 shares of the construction company’s stock worth $7,837,000 after purchasing an additional 5,981 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Century Communities in the 3rd quarter valued at about $340,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Up 2.8 %

NYSE:CCS opened at $59.55 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities, Inc. has a one year low of $55.85 and a one year high of $108.42. The company has a market cap of $1.83 billion, a PE ratio of 5.73 and a beta of 1.76. The firm has a 50-day moving average of $67.79 and a 200-day moving average of $78.80.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping 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 fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.29 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

Analyst Ratings Changes

A number of research firms recently weighed in on CCS. Wedbush reaffirmed a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Zelman & Associates upgraded Century Communities to a “hold” rating in a report on Friday, January 31st. One equities research 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. According to MarketBeat, Century Communities has an average rating of “Hold” and an average target price of $103.00.

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.