Everence Capital Management Inc. Takes $210,000 Position in Century Communities, Inc. (NYSE:CCS)

Everence Capital Management Inc. purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,300 shares of the construction company’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Century Communities by 33.1% during 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 during the last quarter. Envestnet Asset Management Inc. boosted its position in Century Communities by 19.4% during the third quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock worth $4,952,000 after acquiring an additional 12,024 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Century Communities during the fourth quarter worth about $1,051,000. Qube Research & Technologies Ltd boosted its position in Century Communities by 283.4% during the third quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock worth $2,145,000 after acquiring an additional 23,742 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Century Communities by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock worth $924,000 after acquiring an additional 170 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on CCS. Wedbush reaffirmed an “underperform” rating and set a $82.00 target price (down from $92.00) on shares of Century Communities in a research note on Tuesday, April 2nd. B. Riley lifted their target price on shares of Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st.

Century Communities Price Performance

Shares of CCS stock opened at $78.98 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s 50-day moving average is $87.13 and its two-hundred day moving average is $80.40. Century Communities, Inc. has a 12 month low of $58.01 and a 12 month high of $97.92. The company has a market capitalization of $2.51 billion, a PE ratio of 9.81 and a beta of 1.71.

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

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. Century Communities’s payout ratio is 12.92%.

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.