Geode Capital Management LLC Sells 5,405 Shares of Century Communities, Inc. (NYSE:CCS)

Geode Capital Management LLC trimmed its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 632,135 shares of the construction company's stock after selling 5,405 shares during the quarter. Geode Capital Management LLC owned about 2.04% of Century Communities worth $46,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC increased its stake in shares of Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after purchasing an additional 569 shares during the period. KBC Group NV increased its position in 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 stake in Century Communities during the 4th quarter valued at $142,000. Principal Securities Inc. grew its stake in shares of 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 purchasing an additional 460 shares in the last quarter. Finally, CIBC Asset Management Inc acquired a new position in shares of Century Communities during the fourth quarter valued at $211,000. Institutional investors own 99.54% of the company's stock.

Century Communities Price Performance

NYSE:CCS traded up $1.60 during trading hours on Friday, reaching $59.55. 253,671 shares of the company's stock were exchanged, compared to its average volume of 352,596. The company has a market capitalization of $1.83 billion, a P/E ratio of 5.73 and a beta of 1.76. Century Communities, Inc. has a 12 month low of $55.85 and a 12 month high of $108.42. The business's 50-day simple moving average is $67.51 and its two-hundred day simple moving average is $78.35. 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 - Get Free Report) last announced its earnings results 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 return on equity of 14.17% and a net margin of 7.59%. Sell-side analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCS. Wedbush reiterated a "neutral" rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Zelman & Associates raised Century Communities to a "hold" rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Century Communities presently has an average rating of "Hold" and an average price target of $103.00.

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.