Century Communities, Inc. (NYSE:CCS) Holdings Boosted by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. increased its position in Century Communities, Inc. (NYSE:CCS) by 28.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 248,000 shares of the construction company’s stock after acquiring an additional 55,300 shares during the period. Oberweis Asset Management Inc. owned approximately 0.80% of Century Communities worth $18,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in shares of 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. Sterling Capital Management LLC raised its stake in shares of Century Communities by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after purchasing an additional 688 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Century Communities during the 4th quarter valued at about $74,000. KBC Group NV lifted its holdings in shares of Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Century Communities in the 4th quarter valued at approximately $142,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush reissued a “neutral” rating and set a $93.00 target price (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Century Communities has an average rating of “Hold” and a consensus price target of $103.00.

Century Communities Trading Down 2.8 %

Century Communities stock opened at $59.83 on Thursday. The business’s 50-day simple moving average is $66.75 and its 200-day simple moving average is $77.67. Century Communities, Inc. has a 52 week low of $55.85 and a 52 week high of $108.42. The firm has a market capitalization of $1.83 billion, a PE ratio of 5.75 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) 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 company had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Equities research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.29 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 1.94%. Century Communities’s dividend payout ratio is 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.