Intech Investment Management LLC Invests $921,000 in Century Communities, Inc. (NYSE:CCS)

Intech Investment Management LLC acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the third quarter, Holdings Channel reports. The institutional investor acquired 8,948 shares of the construction company’s stock, valued at approximately $921,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares during the last quarter. Signaturefd LLC increased its holdings in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares in the last quarter. Innealta Capital LLC bought a new stake in Century Communities in the second quarter worth approximately $162,000. Cetera Advisors LLC bought a new stake in Century Communities in the first quarter worth approximately $202,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in Century Communities in the third quarter worth approximately $217,000. 99.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCS has been the subject of a number of research analyst reports. Wedbush lifted their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. B. Riley reiterated a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Finally, StockNews.com upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Wednesday.

Century Communities Trading Down 0.1 %

Shares of Century Communities stock opened at $90.80 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. Century Communities, Inc. has a 52 week low of $70.82 and a 52 week high of $108.42. The stock has a 50 day moving average price of $94.26 and a two-hundred day moving average price of $91.73. The stock has a market capitalization of $2.85 billion, a PE ratio of 9.05 and a beta of 1.87.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $2.58 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, equities analysts anticipate that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.15%. Century Communities’s payout ratio is 10.37%.

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.