Intech Investment Management LLC Purchases New Stake in Century Communities, Inc. (NYSE:CCS)

Intech Investment Management LLC bought a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,948 shares of the construction company's stock, valued at approximately $921,000.

A number of other institutional investors have also added to or reduced their stakes in CCS. Vanguard Group Inc. grew its stake in Century Communities by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company's stock valued at $196,269,000 after acquiring an additional 13,861 shares during the period. Westwood Holdings Group Inc. grew its position in Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock valued at $72,122,000 after purchasing an additional 89,310 shares during the period. Jennison Associates LLC grew its position in Century Communities by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock valued at $56,063,000 after purchasing an additional 49,256 shares during the period. Assenagon Asset Management S.A. increased its stake in Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company's stock valued at $37,302,000 after purchasing an additional 295,729 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company's stock worth $11,740,000 after buying an additional 66,029 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Down 0.4 %

CCS traded down $0.38 during mid-day trading on Friday, reaching $90.42. 115,762 shares of the stock were exchanged, compared to its average volume of 301,836. Century Communities, Inc. has a 1 year low of $71.46 and a 1 year high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $2.83 billion, a PE ratio of 9.05 and a beta of 1.87. The company has a 50 day moving average price of $94.26 and a two-hundred day moving average price of $91.73.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 earnings per share. As a group, research analysts anticipate that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities's payout ratio is 10.37%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCS. Wedbush lifted their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. StockNews.com raised shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, B. Riley reissued a "buy" rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

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.