Kennedy Capital Management LLC Has $6.98 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Kennedy Capital Management LLC boosted its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,090 shares of the construction company's stock after acquiring an additional 6,787 shares during the period. Kennedy Capital Management LLC owned 0.31% of Century Communities worth $6,976,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CCS. JPMorgan Chase & Co. increased its position in shares of Century Communities by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock valued at $21,296,000 after purchasing an additional 10,453 shares during the last quarter. Principal Financial Group Inc. raised its stake in Century Communities by 2.9% in 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 last quarter. Edgestream Partners L.P. raised its position in Century Communities by 257.7% during the 4th quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock worth $4,732,000 after buying an additional 46,477 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Century Communities in the 3rd quarter valued at about $543,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Trading Up 3.0 %

CCS traded up $1.75 during trading on Thursday, hitting $59.70. 82,523 shares of the company's stock were exchanged, compared to its average volume of 350,506. Century Communities, Inc. has a 1 year low of $55.85 and a 1 year high of $108.42. The stock has a 50 day moving average price of $68.08 and a 200 day moving average price of $79.10. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.83 billion, a P/E ratio of 5.73 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. As a group, analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.94%. The ex-dividend date was Wednesday, February 26th. This is an increase from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is presently 11.15%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wedbush reaffirmed a "neutral" rating and set a $93.00 price objective (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates raised 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 assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Century Communities currently has a consensus rating of "Hold" and a consensus price target of $103.00.

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.