Royce & Associates LP Buys 1,970 Shares of Century Communities, Inc. (NYSE:CCS)

Royce & Associates LP lifted its stake in Century Communities, Inc. (NYSE:CCS) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 65,779 shares of the construction company’s stock after acquiring an additional 1,970 shares during the quarter. Royce & Associates LP’s holdings in Century Communities were worth $4,826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new position in Century Communities in the 3rd quarter worth approximately $51,000. Smartleaf Asset Management LLC increased its position in Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after buying an additional 569 shares during the period. KBC Group NV increased its position in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after buying an additional 403 shares during the period. Daiwa Securities Group Inc. bought a new position in Century Communities in the 3rd quarter worth approximately $144,000. Finally, R Squared Ltd bought a new position in Century Communities in the 4th quarter worth approximately $142,000. 99.54% of the stock is owned by institutional investors.

Century Communities Price Performance

Shares of CCS stock opened at $70.15 on Thursday. The stock’s fifty day simple moving average is $73.03 and its 200 day simple moving average is $84.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 6.75 and a beta of 2.10. Century Communities, Inc. has a one year low of $66.07 and a one year high of $108.42.

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

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.29 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 1.65%. Century Communities’s payout ratio is currently 11.15%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCS. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Wedbush reissued a “neutral” rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.