Century Communities, Inc. (NYSE:CCS) Position Increased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its stake in Century Communities, Inc. (NYSE:CCSGet Rating) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,281 shares of the construction company’s stock after purchasing an additional 222 shares during the period. Mutual of America Capital Management LLC’s holdings in Century Communities were worth $229,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Forager Capital Management LLC bought a new stake in Century Communities during the 4th quarter valued at $30,102,000. Invesco Ltd. raised its stake in Century Communities by 86.7% during the 4th quarter. Invesco Ltd. now owns 396,363 shares of the construction company’s stock valued at $32,418,000 after acquiring an additional 184,069 shares in the last quarter. Penserra Capital Management LLC bought a new stake in Century Communities during the 4th quarter valued at $8,326,000. Renaissance Technologies LLC bought a new stake in Century Communities during the 4th quarter valued at $7,684,000. Finally, Bank of America Corp DE raised its stake in Century Communities by 85.3% during the 4th quarter. Bank of America Corp DE now owns 203,190 shares of the construction company’s stock valued at $16,619,000 after acquiring an additional 93,530 shares in the last quarter. Institutional investors own 87.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Century Communities from $70.50 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 12th. Wells Fargo & Company lowered their price target on Century Communities from $62.00 to $52.00 and set an “overweight” rating on the stock in a research report on Friday, June 17th. B. Riley lifted their target price on Century Communities from $57.00 to $61.00 in a report on Thursday, July 28th. Finally, Wedbush decreased their target price on Century Communities from $110.00 to $94.00 in a report on Thursday, April 28th.

Century Communities Stock Performance

Shares of NYSE CCS opened at $49.17 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 2.88 and a beta of 1.85. The stock’s fifty day simple moving average is $49.18 and its 200 day simple moving average is $55.02. Century Communities, Inc. has a 52-week low of $39.00 and a 52-week high of $86.07.

Century Communities (NYSE:CCSGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The construction company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.32. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. Century Communities had a return on equity of 33.10% and a net margin of 13.34%. Century Communities’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.47 earnings per share. As a group, sell-side analysts forecast that Century Communities, Inc. will post 19.34 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, May 31st. Century Communities’s payout ratio is 4.69%.

Century Communities Profile

(Get Rating)

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 home buyers.

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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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