Counterpoint Mutual Funds LLC Makes New Investment in Century Communities, Inc. (NYSE:CCS)

Counterpoint Mutual Funds LLC acquired a new position in Century Communities, Inc. (NYSE:CCS) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,936 shares of the construction company’s stock, valued at approximately $362,000.

Several other hedge funds also recently made changes to their positions in the business. Jennison Associates LLC grew its stake in shares of Century Communities by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock worth $56,063,000 after purchasing an additional 49,256 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Century Communities by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock worth $38,699,000 after purchasing an additional 34,046 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after purchasing an additional 51,021 shares during the last quarter. Basswood Capital Management L.L.C. grew its stake in shares of Century Communities by 11.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock worth $44,896,000 after purchasing an additional 46,104 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Century Communities by 4.0% in the 4th quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company’s stock worth $21,579,000 after purchasing an additional 11,389 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCS shares. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush reissued a “neutral” rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $103.00.

Century Communities Stock Performance

Century Communities stock opened at $69.18 on Tuesday. The firm’s 50 day simple moving average is $73.11 and its 200-day simple moving average is $84.68. Century Communities, Inc. has a fifty-two week low of $66.07 and a fifty-two week high of $108.42. The company has a market cap of $2.14 billion, a P/E ratio of 6.65 and a beta of 2.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts predict that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio is currently 11.15%.

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.