Cetera Investment Advisers Boosts Position in Century Communities, Inc. (NYSE:CCS)

Cetera Investment Advisers boosted its holdings in Century Communities, Inc. (NYSE:CCS) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,784 shares of the construction company’s stock after buying an additional 562 shares during the period. Cetera Investment Advisers’ holdings in Century Communities were worth $571,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its holdings in Century Communities by 27.9% in the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock valued at $17,328,000 after buying an additional 51,589 shares during the period. JPMorgan Chase & Co. raised its holdings in Century Communities by 22.8% in the fourth quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company’s stock valued at $18,631,000 after buying an additional 47,171 shares during the period. Principal Financial Group Inc. raised its stake in shares of Century Communities by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after purchasing an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock valued at $38,699,000 after purchasing an additional 34,046 shares during the period. Finally, Edgestream Partners L.P. raised its stake in shares of Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock valued at $4,732,000 after purchasing an additional 46,477 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Insider Buying and Selling at Century Communities

In other Century Communities news, Director Elisa Z. Ramirez acquired 1,500 shares of Century Communities stock in a transaction dated Monday, April 28th. The stock was bought at an average cost of $53.86 per share, with a total value of $80,790.00. Following the completion of the transaction, the director now owns 8,481 shares of the company’s stock, valued at $456,786.66. The trade was a 21.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 2,400 shares of company stock worth $130,426 over the last 90 days. Insiders own 11.90% of the company’s stock.

Century Communities Price Performance

Shares of CCS opened at $53.01 on Tuesday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 5.10 and a beta of 1.57. Century Communities, Inc. has a fifty-two week low of $51.07 and a fifty-two week high of $108.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The business’s 50-day moving average is $59.30 and its 200-day moving average is $71.03.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The business had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. During the same quarter in the prior year, the company earned $2.22 EPS. Century Communities’s revenue for the quarter was down 2.1% on a year-over-year basis. Equities research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 2.19%. Century Communities’s dividend payout ratio (DPR) is presently 12.01%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CCS shares. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush decreased their price objective on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $101.33.

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.