400 Shares in Century Communities, Inc. (NYSE:CCS) Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. purchased a new stake in Century Communities, Inc. (NYSE:CCS) during the fourth quarter, Holdings Channel.com reports. The firm purchased 400 shares of the construction company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Exchange Traded Concepts LLC increased its holdings in shares of Century Communities by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock valued at $924,000 after acquiring an additional 170 shares during the period. Keybank National Association OH grew its stake in Century Communities by 3.6% during the 3rd quarter. Keybank National Association OH now owns 7,650 shares of the construction company’s stock worth $511,000 after buying an additional 264 shares during the last quarter. NBC Securities Inc. purchased a new position in Century Communities during the 3rd quarter worth $33,000. Rhumbline Advisers grew its stake in Century Communities by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 96,602 shares of the construction company’s stock worth $6,451,000 after buying an additional 563 shares during the last quarter. Finally, Swiss National Bank grew its stake in Century Communities by 1.0% during the 3rd quarter. Swiss National Bank now owns 63,366 shares of the construction company’s stock worth $4,232,000 after buying an additional 600 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCS. Wedbush reiterated an “underperform” rating and set a $82.00 price target on shares of Century Communities in a research note on Thursday. B. Riley boosted their price target on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

Century Communities Stock Up 0.6 %

Century Communities stock opened at $78.82 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.46 and a current ratio of 1.20. The business’s 50-day simple moving average is $86.39 and its two-hundred day simple moving average is $81.26. The company has a market cap of $2.50 billion, a PE ratio of 8.75 and a beta of 1.71. Century Communities, Inc. has a fifty-two week low of $58.01 and a fifty-two week high of $97.92.

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 the consensus estimate of $1.55 by $0.67. The business had revenue of $948.54 million during the quarter, compared to analysts’ expectations of $791.67 million. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. Equities analysts anticipate that Century Communities, Inc. will post 10.36 EPS for the current year.

Century Communities Increases Dividend

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

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.