Neumeier Poma Investment Counsel LLC Sells 275,612 Shares of Century Communities, Inc. (NYSE:CCS)

Neumeier Poma Investment Counsel LLC reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 77.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,273 shares of the construction company's stock after selling 275,612 shares during the period. Neumeier Poma Investment Counsel LLC owned 0.26% of Century Communities worth $5,815,000 as of its most recent SEC filing.

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

Century Communities Trading Up 0.4 %

Shares of Century Communities stock opened at $67.15 on Tuesday. The stock has a market capitalization of $2.08 billion, a P/E ratio of 6.46 and a beta of 2.10. Century Communities, Inc. has a 52-week low of $65.22 and a 52-week high of $108.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The stock's 50-day simple moving average is $72.29 and its 200 day simple moving average is $82.71.

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Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 14.17% and a net margin of 7.59%. As a group, research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.29 dividend. This is an increase from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Wednesday, February 26th. Century Communities's dividend payout ratio (DPR) is currently 11.15%.

Analyst Ratings Changes

CCS has been the subject of a number of recent research reports. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and cut their price objective for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a report on Friday, January 31st. Finally, Wedbush reaffirmed a "neutral" rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $103.00.

Century Communities 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.