Federated Hermes Inc. Purchases 5,136 Shares of Century Communities, Inc. (NYSE:CCS)

Federated Hermes Inc. raised its position in Century Communities, Inc. (NYSE:CCS) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,881 shares of the construction company’s stock after buying an additional 5,136 shares during the quarter. Federated Hermes Inc. owned about 0.13% of Century Communities worth $3,908,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in Century Communities in the third quarter valued at approximately $33,000. Daiwa Securities Group Inc. acquired a new position in shares of Century Communities during the 4th quarter worth $36,000. Quantbot Technologies LP bought a new stake in shares of Century Communities during the 3rd quarter worth $59,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Century Communities during the 4th quarter worth $107,000. Finally, TD Asset Management Inc acquired a new stake in Century Communities in the third quarter valued at about $200,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

Century Communities stock opened at $78.82 on Friday. The stock has a 50-day moving average price of $86.39 and a two-hundred day moving average price of $81.02. Century Communities, Inc. has a 12 month low of $58.01 and a 12 month high of $97.92. The company has a market capitalization of $2.50 billion, a PE ratio of 8.75 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a net margin of 7.47% and a return on equity of 13.06%. The business had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. Analysts expect that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were paid a $0.26 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.32%. Century Communities’s payout ratio is currently 11.54%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. B. Riley raised their price target on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wedbush restated an “underperform” rating and issued a $82.00 target price on shares of Century Communities in a research report on Thursday.

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.