Intech Investment Management LLC Buys 9,122 Shares of Century Communities, Inc. (NYSE:CCS)

Intech Investment Management LLC increased its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 101.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,070 shares of the construction company's stock after buying an additional 9,122 shares during the quarter. Intech Investment Management LLC owned 0.06% of Century Communities worth $1,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CCS. Point72 Hong Kong Ltd bought a new stake in shares of Century Communities in the 3rd quarter worth $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 worth $54,000 after purchasing an additional 569 shares in the last quarter. KBC Group NV increased 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 buying an additional 403 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities in the 3rd quarter worth approximately $144,000. Finally, R Squared Ltd purchased a new position in shares of Century Communities in the 4th quarter worth approximately $142,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on CCS shares. StockNews.com lowered Century Communities from a "hold" rating to a "sell" rating in a report on Thursday, December 5th. Zelman & Associates upgraded Century Communities to a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and cut their price target for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Finally, Wedbush restated a "neutral" rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. One 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. According to data from MarketBeat, Century Communities has a consensus rating of "Hold" and an average price target of $103.00.

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Century Communities Stock Performance

NYSE:CCS traded down $0.13 during trading hours on Wednesday, reaching $69.51. The stock had a trading volume of 237,605 shares, compared to its average volume of 322,380. The stock has a market cap of $2.15 billion, a P/E ratio of 6.68 and a beta of 2.10. The stock has a 50 day simple moving average of $72.94 and a 200 day simple moving average of $83.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Century Communities, Inc. has a 12-month low of $66.07 and a 12-month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping 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%. On average, 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This is a boost from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's dividend payout ratio 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.