Assenagon Asset Management S.A. Takes Position in Century Communities, Inc. (NYSE:CCS)

Assenagon Asset Management S.A. acquired a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,528 shares of the construction company's stock, valued at approximately $1,051,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Century Communities by 2.4% in the 1st quarter. BlackRock Inc. now owns 5,029,717 shares of the construction company's stock worth $321,499,000 after acquiring an additional 118,079 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Century Communities by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,167,858 shares of the construction company's stock worth $116,132,000 after purchasing an additional 39,505 shares during the last quarter. State Street Corp increased its position in shares of Century Communities by 5.9% during the 1st quarter. State Street Corp now owns 1,313,759 shares of the construction company's stock worth $70,378,000 after purchasing an additional 72,801 shares during the last quarter. Jennison Associates LLC increased its position in shares of Century Communities by 17.3% during the 3rd quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company's stock worth $74,424,000 after purchasing an additional 164,478 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Century Communities by 21.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company's stock worth $94,423,000 after purchasing an additional 180,095 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CCS shares. B. Riley raised their price objective on Century Communities from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, February 1st. Wedbush restated an "underperform" rating and set a $82.00 target price (down from $92.00) on shares of Century Communities in a report on Tuesday.

Century Communities Trading Up 0.1 %

Century Communities stock traded up $0.11 during midday trading on Friday, reaching $87.75. 511,143 shares of the stock traded hands, compared to its average volume of 449,807. The company has a 50-day simple moving average of $88.36 and a two-hundred day simple moving average of $79.31. Century Communities, Inc. has a 12-month low of $58.01 and a 12-month high of $97.92. The firm has a market cap of $2.79 billion, a PE ratio of 10.90 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.66. The business had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $915.91 million. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. Research analysts expect that Century Communities, Inc. will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a boost from Century Communities's previous quarterly dividend of $0.23. Century Communities's dividend payout ratio (DPR) is presently 12.92%.

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.