Truvestments Capital LLC Buys 2,655 Shares of Century Communities, Inc. (NYSE:CCS)

Truvestments Capital LLC grew its stake in Century Communities, Inc. (NYSE:CCS) by 39.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,403 shares of the construction company’s stock after acquiring an additional 2,655 shares during the quarter. Truvestments Capital LLC’s holdings in Century Communities were worth $690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quest Partners LLC increased its stake in shares of Century Communities by 314.1% in the 3rd quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock valued at $1,470,000 after acquiring an additional 10,827 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Century Communities by 5.3% in 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 period. Principal Financial Group Inc. grew its position in shares of Century Communities by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after purchasing an additional 3,747 shares during the period. HighTower Advisors LLC acquired a new position in shares of Century Communities in the 3rd quarter valued at approximately $543,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Century Communities in the 3rd quarter valued at approximately $711,000. 99.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Wedbush reaffirmed a “neutral” rating and set a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Zelman & Associates raised Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $103.00.

Century Communities Stock Down 1.6 %

CCS opened at $70.39 on Wednesday. Century Communities, Inc. has a 1-year low of $66.71 and a 1-year high of $108.42. The stock’s fifty day simple moving average is $73.45 and its 200 day simple moving average is $85.59. 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 stock has a market cap of $2.18 billion, a PE ratio of 6.77 and a beta of 2.10.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.29 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is presently 11.15%.

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.