Vest Financial LLC Acquires 17,859 Shares of Century Communities, Inc. (NYSE:CCS)

Vest Financial LLC grew its holdings in Century Communities, Inc. (NYSE:CCS) by 125.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,139 shares of the construction company’s stock after acquiring an additional 17,859 shares during the quarter. Vest Financial LLC owned 0.10% of Century Communities worth $2,358,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new stake in Century Communities during the 3rd quarter worth approximately $51,000. KBC Group NV raised its holdings in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after acquiring an additional 403 shares during the period. GAMMA Investing LLC lifted its position in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Century Communities by 14.1% in the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after purchasing an additional 161 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Century Communities in the 4th quarter valued at approximately $142,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CCS. B. Riley reiterated a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Wedbush restated a “neutral” rating and set a $93.00 price objective (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $110.00 to $97.00 in a research report on Friday, December 13th. Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. Finally, StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $103.00.

Century Communities Stock Performance

Shares of NYSE:CCS opened at $73.85 on Friday. The firm has a market cap of $2.29 billion, a PE ratio of 7.10 and a beta of 1.92. Century Communities, Inc. has a 12-month low of $68.49 and a 12-month high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average price is $77.50 and its two-hundred day moving average price is $89.46.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Century Communities, Inc. will post 11.72 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.57%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is 10.00%.

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.