Amundi Acquires 9,031 Shares of Century Communities, Inc. (NYSE:CCS)

Amundi grew its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 186.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,886 shares of the construction company's stock after purchasing an additional 9,031 shares during the period. Amundi's holdings in Century Communities were worth $1,003,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in shares of Century Communities in the 3rd quarter valued at about $51,000. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 569 shares during the period. KBC Group NV increased its holdings 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 purchasing an additional 403 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Century Communities in the 3rd quarter valued at about $144,000. Finally, R Squared Ltd acquired a new position in shares of Century Communities in the 4th quarter valued at about $142,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Down 2.4 %

NYSE:CCS traded down $1.71 during mid-day trading on Friday, reaching $68.60. The stock had a trading volume of 3,359,080 shares, compared to its average volume of 322,366. 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 debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The business's 50 day moving average is $72.98 and its 200 day moving average is $84.04. The stock has a market cap of $2.12 billion, a P/E ratio of 6.60 and a beta of 2.10.

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Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating the consensus estimate 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, sell-side analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.69%. 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 (DPR) is 11.15%.

Wall Street Analyst Weigh In

CCS has been the topic of a number of research reports. Wedbush reiterated a "neutral" rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. JPMorgan Chase & Co. upgraded Century Communities from an "underweight" rating to a "neutral" rating and dropped their price objective for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Zelman & Associates upgraded Century Communities to a "hold" rating in a report on Friday, January 31st. Finally, StockNews.com downgraded Century Communities from a "hold" rating to a "sell" rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $103.00.

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.