2,564 Shares in Century Communities, Inc. (NYSE:CCS) Bought by Natixis

Natixis acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 2,564 shares of the construction company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Century Communities by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,616,401 shares of the construction company’s stock worth $238,460,000 after acquiring an additional 17,842 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Century Communities by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after purchasing an additional 13,861 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Century Communities by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 434,550 shares of the construction company’s stock worth $39,605,000 after purchasing an additional 8,214 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Century Communities by 0.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 429,476 shares of the construction company’s stock worth $39,142,000 after purchasing an additional 1,194 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Century Communities by 27.8% in the fourth quarter. First Trust Advisors LP now owns 339,697 shares of the construction company’s stock worth $30,960,000 after purchasing an additional 73,991 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Up 1.7 %

CCS stock opened at $101.52 on Friday. Century Communities, Inc. has a twelve month low of $58.01 and a twelve month high of $105.17. The company has a market cap of $3.23 billion, a PE ratio of 11.27 and a beta of 1.86. The business’s 50-day simple moving average is $85.06 and its 200 day simple moving average is $85.97. The company has a quick ratio of 1.20, a current ratio of 0.90 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.19. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period last year, the business earned $1.60 earnings per share. On average, research analysts anticipate that Century Communities, Inc. will post 10.36 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Wednesday, May 29th. Century Communities’s payout ratio is 11.54%.

Analysts Set New Price Targets

CCS has been the topic of a number of recent analyst reports. Wedbush lifted their price objective on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. B. Riley lifted their price objective on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday.

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.