Bridge City Capital LLC Has $3.29 Million Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Bridge City Capital LLC grew its stake in Century Communities, Inc. (NYSE:CCS) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,790 shares of the construction company’s stock after purchasing an additional 3,429 shares during the quarter. Bridge City Capital LLC owned about 0.14% of Century Communities worth $3,286,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in Century Communities in the third quarter valued at about $51,000. Smartleaf Asset Management LLC increased its stake in shares of Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after acquiring an additional 569 shares during the last quarter. KBC Group NV raised its position in shares of Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after acquiring an additional 403 shares during the period. R Squared Ltd bought a new position in Century Communities during the 4th quarter worth approximately $142,000. Finally, Daiwa Securities Group Inc. acquired a new position in Century Communities during the third quarter valued at approximately $144,000. 99.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCS. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $110.00 to $97.00 in a report on Friday, December 13th. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Wedbush reaffirmed a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Finally, Zelman & Associates raised shares of Century Communities to a “hold” rating in a research 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. According to MarketBeat, Century Communities currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Century Communities Trading Down 2.4 %

NYSE:CCS opened at $68.60 on Friday. The company has a market cap of $2.12 billion, a P/E ratio of 6.60 and a beta of 2.10. Century Communities, Inc. has a twelve month low of $66.07 and a twelve month high of $108.42. The business has a 50 day moving average price of $72.98 and a two-hundred day moving average price of $83.95. 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 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%. As a group, analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.29 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.69%. Century Communities’s dividend payout ratio (DPR) 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.