Invesco Ltd. Grows Position in Century Communities, Inc. (NYSE:CCS)

Invesco Ltd. raised its position in shares of Century Communities, Inc. (NYSE:CCS) by 27.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,201 shares of the construction company’s stock after acquiring an additional 51,589 shares during the period. Invesco Ltd. owned approximately 0.76% of Century Communities worth $17,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its position in Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Century Communities in the 4th quarter worth about $74,000. KBC Group NV raised its position in shares of Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares in the last quarter. R Squared Ltd bought a new position in shares of Century Communities in the 4th quarter valued at about $142,000. Finally, Principal Securities Inc. grew its position in Century Communities by 27.7% in the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock worth $156,000 after acquiring an additional 460 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCS has been the subject of several analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Zelman & Associates upgraded Century Communities to a “hold” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $103.00.

Century Communities Stock Performance

Shares of Century Communities stock opened at $59.55 on Monday. Century Communities, Inc. has a 52 week low of $55.85 and a 52 week high of $108.42. The company has a market capitalization of $1.83 billion, a PE ratio of 5.73 and a beta of 1.76. The stock’s fifty day moving average is $67.51 and its two-hundred day moving average is $78.19. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.95%. Century Communities’s dividend payout ratio is presently 11.15%.

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.