Foster & Motley Inc. Acquires 1,940 Shares of Century Communities, Inc. (NYSE:CCS)

Foster & Motley Inc. increased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 28.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,742 shares of the construction company’s stock after purchasing an additional 1,940 shares during the period. Foster & Motley Inc.’s holdings in Century Communities were worth $797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CCS. NBC Securities Inc. acquired a new position in shares of Century Communities in the third quarter valued at approximately $33,000. Daiwa Securities Group Inc. acquired a new position in Century Communities in the 4th quarter worth $36,000. Quantbot Technologies LP bought a new position in Century Communities during the 3rd quarter worth about $59,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Century Communities in the 4th quarter valued at about $107,000. Finally, TD Asset Management Inc bought a new stake in shares of Century Communities in the third quarter valued at about $200,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Trading Up 5.1 %

Century Communities stock opened at $83.82 on Wednesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 10.41 and a beta of 1.71. The firm has a 50-day moving average of $86.86 and a 200-day moving average of $80.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. Century Communities, Inc. has a one year low of $58.01 and a one year high of $97.92.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, January 31st. The construction company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.27 by $0.66. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $915.91 million. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. On average, equities analysts expect that Century Communities, Inc. will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were paid a $0.26 dividend. 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. This represents a $1.04 annualized dividend and a dividend yield of 1.24%. Century Communities’s dividend payout ratio (DPR) is currently 12.92%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CCS shares. B. Riley increased their price objective on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Wedbush reiterated an “underperform” rating and issued a $82.00 price objective (down from $92.00) on shares of Century Communities in a report on Tuesday, April 2nd.

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.