Canada Pension Plan Investment Board Grows Stock Position in Century Communities, Inc. (NYSE:CCS)

Canada Pension Plan Investment Board raised its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 1,733.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,500 shares of the construction company's stock after acquiring an additional 36,400 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.12% of Century Communities worth $2,824,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CCS. Vanguard Group Inc. boosted its holdings in Century Communities by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock valued at $144,641,000 after purchasing an additional 5,375 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Century Communities by 6.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after buying an additional 34,046 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock valued at $48,502,000 after buying an additional 51,021 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Century Communities by 4.0% during the 4th quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company's stock worth $21,579,000 after acquiring an additional 11,389 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Century Communities by 22.8% in the fourth quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock valued at $18,631,000 after acquiring an additional 47,171 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Price Performance

NYSE CCS traded down $1.57 during mid-day trading on Monday, hitting $54.02. The stock had a trading volume of 732,870 shares, compared to its average volume of 358,119. The company has a 50 day simple moving average of $65.66 and a 200 day simple moving average of $76.52. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 5.19 and a beta of 1.76. Century Communities, Inc. has a 52-week low of $53.59 and a 52-week high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

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

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.15%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities's dividend payout ratio is 12.01%.

Analysts Set New Price Targets

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

About Century Communities

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.