Ausbil Investment Management Ltd Invests $1.68 Million in Century Communities, Inc. (NYSE:CCS)

Ausbil Investment Management Ltd acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,640 shares of the construction company’s stock, valued at approximately $1,684,000. Ausbil Investment Management Ltd owned approximately 0.06% of Century Communities at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG lifted its position in Century Communities by 14.1% in the 3rd quarter. Deutsche Bank AG now owns 14,317 shares of the construction company’s stock worth $956,000 after buying an additional 1,765 shares during the last quarter. Rhumbline Advisers lifted its position in Century Communities by 0.6% in the 3rd quarter. Rhumbline Advisers now owns 96,602 shares of the construction company’s stock worth $6,451,000 after buying an additional 563 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Century Communities by 19.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock worth $4,952,000 after buying an additional 12,024 shares during the last quarter. Invesco Ltd. lifted its position in Century Communities by 11.3% in the 3rd quarter. Invesco Ltd. now owns 345,248 shares of the construction company’s stock worth $23,056,000 after buying an additional 35,066 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Century Communities by 1.9% in the 3rd quarter. Federated Hermes Inc. now owns 37,745 shares of the construction company’s stock worth $2,521,000 after buying an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush upgraded Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 target price for the company in a research report on Friday, May 31st.

Century Communities Trading Up 1.5 %

Shares of CCS traded up $1.20 during mid-day trading on Friday, hitting $81.11. 14,420 shares of the company’s stock traded hands, compared to its average volume of 298,226. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 1 year low of $58.01 and a 1 year high of $97.92. The firm has a market capitalization of $2.58 billion, a P/E ratio of 8.87 and a beta of 1.82. The business’s 50-day moving average price is $82.69 and its 200-day moving average price is $85.67.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.67. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. The firm had revenue of $948.54 million for the quarter, compared to analysts’ expectations of $791.67 million. As a group, sell-side analysts forecast that Century Communities, Inc. will post 10.36 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, May 29th. This represents a $1.04 annualized dividend and a dividend yield of 1.28%. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

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.