Century Communities, Inc. (NYSE:CCS) Shares Bought by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. boosted its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 28.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 248,000 shares of the construction company's stock after purchasing an additional 55,300 shares during the quarter. Oberweis Asset Management Inc. owned about 0.80% of Century Communities worth $18,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its position in shares of Century Communities by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock valued at $1,157,000 after buying an additional 349 shares during the last quarter. KBC Group NV raised its holdings in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $96,000 after acquiring an additional 403 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after purchasing an additional 460 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after purchasing an additional 569 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after purchasing an additional 688 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CCS shares. Wedbush decreased their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Century Communities presently has an average rating of "Hold" and a consensus target price of $101.33.

Century Communities Stock Down 0.6 %

Shares of CCS stock traded down $0.34 during trading hours on Tuesday, hitting $53.76. 183,386 shares of the company were exchanged, compared to its average volume of 473,665. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 5.17 and a beta of 1.76. Century Communities, Inc. has a one year low of $52.72 and a one year high of $108.42. The business's 50-day simple moving average is $65.66 and its two-hundred day simple moving average is $76.52.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. During the same quarter in the prior year, the firm earned $2.22 EPS. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. Sell-side analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 2.16%. Century Communities's dividend payout ratio (DPR) is currently 12.01%.

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.