DekaBank Deutsche Girozentrale Takes Position in Century Communities, Inc. (NYSE:CCS)

DekaBank Deutsche Girozentrale purchased a new stake in Century Communities, Inc. (NYSE:CCS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,169 shares of the construction company’s stock, valued at approximately $107,000.

Several other hedge funds also recently made changes to their positions in CCS. Denali Advisors LLC boosted its stake in Century Communities by 14.1% during the fourth quarter. Denali Advisors LLC now owns 63,738 shares of the construction company’s stock valued at $5,809,000 after buying an additional 7,900 shares during the period. Assenagon Asset Management S.A. bought a new stake in Century Communities during the fourth quarter valued at $1,051,000. Pacer Advisors Inc. boosted its stake in Century Communities by 21.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock valued at $94,423,000 after buying an additional 180,095 shares during the period. Legal Advantage Investments Inc. bought a new stake in Century Communities during the fourth quarter valued at $242,000. Finally, Vest Financial LLC bought a new stake in Century Communities during the fourth quarter valued at $256,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCS has been the subject of several research analyst reports. B. Riley lifted their price objective on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wedbush reaffirmed an “underperform” rating and set a $82.00 price target (down previously from $92.00) on shares of Century Communities in a research note on Tuesday, April 2nd.

Century Communities Trading Down 1.6 %

Shares of CCS stock opened at $79.30 on Thursday. Century Communities, Inc. has a 12-month low of $58.01 and a 12-month high of $97.92. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $87.48 and a two-hundred day moving average price of $80.32. The firm has a market cap of $2.52 billion, a P/E ratio of 9.85 and a beta of 1.71.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.66. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $915.91 million. Equities analysts anticipate that Century Communities, Inc. will post 10.06 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, February 27th. This is an increase from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s payout ratio is currently 12.92%.

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.