Moran Wealth Management LLC Buys New Shares in Century Communities, Inc. (NYSE:CCS)

Moran Wealth Management LLC purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,357 shares of the construction company’s stock, valued at approximately $1,273,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its holdings in Century Communities by 314.1% during the third quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock worth $1,470,000 after acquiring an additional 10,827 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $21,296,000 after purchasing an additional 10,453 shares in the last quarter. Principal Financial Group Inc. boosted its holdings 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 buying an additional 3,747 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Century Communities in the third quarter valued at $543,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Century Communities during the third quarter worth $711,000. 99.54% of the stock is owned by institutional investors.

Century Communities Stock Down 1.6 %

Shares of CCS opened at $70.39 on Wednesday. The firm’s 50-day simple moving average is $73.45 and its 200 day simple moving average is $85.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $2.18 billion, a P/E ratio of 6.77 and a beta of 2.10. Century Communities, Inc. has a 52 week low of $66.71 and a 52 week high of $108.42.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping 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%. On average, analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCS. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded 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 report on Friday, December 13th. Wedbush restated a “neutral” rating and issued a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Finally, StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and an average target price of $103.00.

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.