First Eagle Investment Management LLC Increases Stock Holdings in Century Communities, Inc. (NYSE:CCS)

First Eagle Investment Management LLC increased its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 15.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,795 shares of the construction company's stock after buying an additional 19,917 shares during the period. First Eagle Investment Management LLC owned about 0.49% of Century Communities worth $11,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in Century Communities in the 3rd quarter valued at $51,000. Smartleaf Asset Management LLC raised its stake 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 last quarter. KBC Group NV raised its stake 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 purchasing an additional 403 shares during the last quarter. R Squared Ltd acquired a new position in Century Communities in the 4th quarter valued at $142,000. Finally, Daiwa Securities Group Inc. acquired a new position in Century Communities in the 3rd quarter valued at $144,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Trading Up 2.1 %

Shares of CCS traded up $1.44 during midday trading on Wednesday, reaching $70.15. The company had a trading volume of 374,345 shares, compared to its average volume of 313,191. The firm has a 50 day simple moving average of $73.07 and a 200-day simple moving average of $84.45. 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 stock has a market cap of $2.17 billion, a PE ratio of 6.75 and a beta of 2.10. Century Communities, Inc. has a 1-year low of $66.07 and a 1-year high of $108.42.

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Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data 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%. Research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. This is an increase from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities's dividend payout ratio (DPR) is presently 11.15%.

Wall Street Analyst Weigh In

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