Hsbc Holdings PLC Buys 9,140 Shares of Century Communities, Inc. (NYSE:CCS)

Hsbc Holdings PLC increased its stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 193.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,853 shares of the construction company's stock after buying an additional 9,140 shares during the period. Hsbc Holdings PLC's holdings in Century Communities were worth $1,022,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its holdings in shares of Century Communities by 2.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock worth $1,157,000 after acquiring an additional 349 shares during the period. KBC Group NV increased its stake in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after purchasing an additional 403 shares during the period. Principal Securities Inc. lifted its holdings in 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 last quarter. Smartleaf Asset Management LLC boosted its stake in Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after purchasing an additional 569 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after buying an additional 688 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Trading Up 1.0 %

CCS opened at $54.95 on Friday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 5.28 and a beta of 1.57. 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, Inc. has a twelve month low of $52.41 and a twelve month high of $108.42. The company has a 50-day simple moving average of $64.23 and a 200 day simple moving average of $75.40.

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). The firm had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business's revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $2.22 EPS. Analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm 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 dividend yield of 2.11%. 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. Century Communities's dividend payout ratio (DPR) is currently 12.01%.

Wall Street Analysts Forecast Growth

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

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.

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