Envestnet Asset Management Inc. Boosts Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Envestnet Asset Management Inc. boosted its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,483 shares of the construction company's stock after buying an additional 21,142 shares during the period. Envestnet Asset Management Inc. owned approximately 0.54% of Century Communities worth $12,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock valued at $21,296,000 after purchasing an additional 10,453 shares during the period. Principal Financial Group Inc. grew its holdings in Century Communities by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock worth $9,820,000 after acquiring an additional 3,747 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Century Communities by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after acquiring an additional 34,046 shares during the period. Edgestream Partners L.P. raised its stake in shares of Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after acquiring an additional 46,477 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Century Communities during the third quarter worth about $543,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Century Communities Stock Up 2.1 %

Shares of NYSE:CCS traded up $1.28 during midday trading on Wednesday, reaching $62.82. The company's stock had a trading volume of 38,367 shares, compared to its average volume of 459,004. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $67.04 and a 200-day moving average of $77.79. The firm has a market capitalization of $1.93 billion, a P/E ratio of 6.04 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.

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 for the quarter, beating 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%. On average, research analysts anticipate 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. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. 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. This represents a $1.16 annualized dividend and a dividend yield of 1.85%. Century Communities's dividend payout ratio (DPR) is presently 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.