Benjamin Edwards Inc. Purchases 326 Shares of Century Communities, Inc. (NYSE:CCS)

Benjamin Edwards Inc. grew its stake in Century Communities, Inc. (NYSE:CCS) by 14.8% during the 4th quarter, HoldingsChannel reports. The fund owned 2,529 shares of the construction company’s stock after purchasing an additional 326 shares during the quarter. Benjamin Edwards Inc.’s holdings in Century Communities were worth $230,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CCS. Pacer Advisors Inc. boosted its holdings in Century Communities by 21.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after acquiring an additional 180,095 shares in the last quarter. Jennison Associates LLC boosted its holdings in Century Communities by 17.3% in the third quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock worth $74,424,000 after acquiring an additional 164,478 shares in the last quarter. American Century Companies Inc. boosted its holdings in Century Communities by 33.1% in the third quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock worth $26,332,000 after acquiring an additional 97,953 shares in the last quarter. Tudor Investment Corp Et Al boosted its holdings in Century Communities by 275.8% in the third quarter. Tudor Investment Corp Et Al now owns 73,705 shares of the construction company’s stock worth $4,922,000 after acquiring an additional 54,093 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Century Communities in the third quarter worth $2,640,000. 99.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CCS. B. Riley boosted their price target on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Wedbush restated an “underperform” rating and issued a $82.00 price target on shares of Century Communities in a research note on Thursday, April 25th.

Century Communities Stock Up 1.7 %

Shares of CCS stock traded up $1.36 during mid-day trading on Friday, hitting $83.27. The company’s stock had a trading volume of 230,024 shares, compared to its average volume of 330,051. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 9.24 and a beta of 1.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.20. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $97.92. The business has a 50-day moving average price of $85.85 and a 200 day moving average price of $81.65.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. The company had revenue of $948.54 million during the quarter, compared to analysts’ expectations of $791.67 million. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. Research analysts predict that Century Communities, Inc. will post 10.36 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a boost from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio is 11.54%.

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.