Edgestream Partners L.P. Has $4.73 Million Stake in Century Communities, Inc. (NYSE:CCS)

Edgestream Partners L.P. grew its stake in Century Communities, Inc. (NYSE:CCS) by 257.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,509 shares of the construction company’s stock after purchasing an additional 46,477 shares during the period. Edgestream Partners L.P. owned about 0.21% of Century Communities worth $4,732,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Illinois Municipal Retirement Fund grew its position in Century Communities by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company’s stock worth $1,157,000 after purchasing an additional 349 shares during the last quarter. KBC Group NV grew its position in Century Communities by 44.3% in the 4th 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 last quarter. Principal Securities Inc. grew its position in Century Communities by 27.7% in 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. Point72 Hong Kong Ltd acquired a new stake in Century Communities in the 3rd quarter worth $51,000. Finally, Smartleaf Asset Management LLC grew its position in Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on CCS. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Wedbush reiterated 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. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. One investment 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. According to data from MarketBeat, Century Communities has an average rating of “Hold” and an average target price of $103.00.

Century Communities Price Performance

Shares of Century Communities stock opened at $71.78 on Friday. Century Communities, Inc. has a twelve month low of $66.71 and a twelve month high of $108.42. The firm has a market cap of $2.22 billion, a P/E ratio of 6.90 and a beta of 1.92. The firm’s 50-day simple moving average is $73.54 and its 200-day simple moving average is $86.13. 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 quarterly earnings results 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 net margin of 7.59% and a return on equity of 14.17%. As a group, research analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.29 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, February 26th. Century Communities’s dividend payout ratio (DPR) is currently 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.