Century Communities, Inc. (NYSE:CCS) Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC raised its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,647 shares of the construction company's stock after purchasing an additional 6,347 shares during the quarter. Rafferty Asset Management LLC owned 0.06% of Century Communities worth $1,368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Century Communities by 27.9% during the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock worth $17,328,000 after purchasing an additional 51,589 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Century Communities by 22.8% during the fourth quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock worth $18,631,000 after purchasing an additional 47,171 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Century Communities by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock valued at $9,820,000 after buying an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Century Communities by 6.9% during the fourth 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 during the period. Finally, Edgestream Partners L.P. increased its stake in shares of Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after buying an additional 46,477 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCS has been the topic of several research reports. Wedbush cut 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 Century Communities to a "hold" rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $101.33.

Insider Activity at Century Communities

In other news, Director Elisa Z. Ramirez bought 1,500 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average price of $53.86 per share, for a total transaction of $80,790.00. Following the completion of the transaction, the director now directly owns 8,481 shares in the company, valued at approximately $456,786.66. This represents a 21.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 2,400 shares of company stock worth $130,426 over the last quarter. Insiders own 11.90% of the company's stock.

Century Communities Stock Up 2.5%

CCS traded up $1.31 on Tuesday, hitting $54.33. The company had a trading volume of 62,015 shares, compared to its average volume of 368,235. The stock has a fifty day moving average price of $59.30 and a 200-day moving average price of $71.03. Century Communities, Inc. has a 12-month low of $51.07 and a 12-month high of $108.42. 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 $1.66 billion, a price-to-earnings ratio of 5.23 and a beta of 1.57.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results 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 quarter in the previous year, the firm posted $2.22 EPS. Century Communities's revenue was down 2.1% on a year-over-year basis. Analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.29 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.13%. Century Communities's dividend payout ratio 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.