Pictet Asset Management SA Purchases New Position in Century Communities, Inc. (NYSE:CCS)

Pictet Asset Management SA bought a new position in Century Communities, Inc. (NYSE:CCS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,192 shares of the construction company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Century Communities by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,468,536 shares of the construction company’s stock worth $123,452,000 after purchasing an additional 75,562 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Century Communities by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,167,858 shares of the construction company’s stock worth $116,132,000 after purchasing an additional 39,505 shares during the last quarter. State Street Corp lifted its holdings in Century Communities by 5.9% in the 1st quarter. State Street Corp now owns 1,313,759 shares of the construction company’s stock worth $70,378,000 after purchasing an additional 72,801 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Century Communities by 1.3% during the first quarter. Jennison Associates LLC now owns 997,554 shares of the construction company’s stock worth $63,764,000 after buying an additional 12,828 shares during the last quarter. Finally, Forager Capital Management LLC lifted its holdings in shares of Century Communities by 11.2% during the fourth quarter. Forager Capital Management LLC now owns 595,143 shares of the construction company’s stock worth $29,757,000 after buying an additional 59,800 shares during the last quarter. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Century Communities

In other Century Communities news, CFO David L. Messenger sold 45,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $70.13, for a total value of $3,155,850.00. Following the sale, the chief financial officer now directly owns 175,001 shares in the company, valued at $12,272,820.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $89.00 price target on shares of Century Communities in a report on Thursday, July 27th. StockNews.com assumed coverage on Century Communities in a report on Thursday, August 17th. They set a “hold” rating for the company. Finally, B. Riley upped their price target on Century Communities from $82.00 to $92.00 in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Century Communities currently has an average rating of “Hold” and an average target price of $76.33.

Century Communities Stock Performance

CCS opened at $74.44 on Thursday. The stock has a market cap of $2.38 billion, a PE ratio of 7.79 and a beta of 1.79. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.46. Century Communities, Inc. has a 1 year low of $40.26 and a 1 year high of $82.70. The stock’s 50 day simple moving average is $74.43 and its 200-day simple moving average is $67.52.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.64. The business had revenue of $818.36 million for the quarter, compared to analysts’ expectations of $718.45 million. Century Communities had a return on equity of 14.70% and a net margin of 7.87%. Century Communities’s quarterly revenue was down 27.9% on a year-over-year basis. During the same period in the previous year, the business posted $4.78 earnings per share. Sell-side analysts forecast that Century Communities, Inc. will post 6.43 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, August 29th. Century Communities’s dividend payout ratio is presently 9.63%.

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.