Mirae Asset Global Investments Co. Ltd. Boosts Position in Century Communities, Inc. (NYSE:CCS)

Mirae Asset Global Investments Co. Ltd. raised its position in Century Communities, Inc. (NYSE:CCS) by 6.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,478 shares of the construction company’s stock after purchasing an additional 791 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Century Communities were worth $1,228,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CCS. DekaBank Deutsche Girozentrale purchased a new position in shares of Century Communities during the 4th quarter worth approximately $107,000. Denali Advisors LLC grew its holdings in Century Communities by 14.1% during the 4th 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 last quarter. Assenagon Asset Management S.A. purchased a new position in Century Communities during the fourth quarter worth $1,051,000. Pacer Advisors Inc. raised its holdings in shares of Century Communities by 21.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after acquiring an additional 180,095 shares during the last quarter. Finally, Legal Advantage Investments Inc. purchased a new stake in shares of Century Communities in the fourth quarter valued at $242,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

CCS stock opened at $79.73 on Tuesday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 9.90 and a beta of 1.71. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $97.92. The stock’s fifty day simple moving average is $86.90 and its 200-day simple moving average is $80.77.

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, topping the consensus estimate of $2.27 by $0.66. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $915.91 million. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. Equities research analysts expect that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were given a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This is a boost from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.30%. Century Communities’s dividend payout ratio (DPR) is currently 12.92%.

Analyst Ratings Changes

A number of analysts recently commented on CCS shares. Wedbush reiterated an “underperform” rating and set a $82.00 price objective (down previously from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd. B. Riley lifted their price target on shares of Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 1st.

Century Communities 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.