Yousif Capital Management LLC Reduces Holdings in Century Communities, Inc. (NYSE:CCS)

Yousif Capital Management LLC reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,016 shares of the construction company’s stock after selling 135 shares during the period. Yousif Capital Management LLC’s holdings in Century Communities were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in shares of Century Communities by 21.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after purchasing an additional 180,095 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Century Communities by 17.3% in the third quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock worth $74,424,000 after buying an additional 164,478 shares during the period. American Century Companies Inc. lifted its position in shares of Century Communities by 33.1% during the 3rd quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock valued at $26,332,000 after buying an additional 97,953 shares in the last quarter. Tudor Investment Corp Et Al grew its stake in shares of Century Communities by 275.8% during the 3rd quarter. Tudor Investment Corp Et Al now owns 73,705 shares of the construction company’s stock valued at $4,922,000 after acquiring an additional 54,093 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Century Communities in the 3rd quarter worth approximately $2,640,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Up 1.6 %

NYSE CCS opened at $83.26 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12 month low of $58.01 and a 12 month high of $97.92. The stock’s 50 day moving average is $85.85 and its 200 day moving average is $81.65. The stock has a market cap of $2.65 billion, a PE ratio of 9.24 and a beta of 1.76.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. The firm had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. Research analysts predict that Century Communities, Inc. will post 10.36 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.26 per share. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.25%. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. B. Riley upped their price target on shares of Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Wedbush reiterated an “underperform” rating and issued a $82.00 price target on shares of Century Communities in a research note on Thursday, April 25th.

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.