Intech Investment Management LLC Has $1.33 Million Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Intech Investment Management LLC grew its holdings in Century Communities, Inc. (NYSE:CCS) by 101.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 approximately 0.06% of Century Communities worth $1,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Illinois Municipal Retirement Fund increased its stake in shares of Century Communities by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company’s stock valued at $1,157,000 after buying an additional 349 shares in the last quarter. KBC Group NV increased its stake in shares of Century Communities by 44.3% in the fourth 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 in the last quarter. Principal Securities Inc. increased its stake in shares of Century Communities by 27.7% in the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after buying an additional 460 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Century Communities in the third quarter valued at $51,000. Finally, Smartleaf Asset Management LLC increased its position in Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

Century Communities stock opened at $68.60 on Friday. The firm has a market capitalization of $2.12 billion, a P/E ratio of 6.60 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. The business has a 50-day moving average of $72.98 and a 200-day moving average of $84.04. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) 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, equities analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed 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. This represents a $1.16 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Wednesday, February 26th. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is 11.15%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCS. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Century Communities 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.