First Eagle Investment Management LLC Buys 19,917 Shares of Century Communities, Inc. (NYSE:CCS)

First Eagle Investment Management LLC boosted its stake in Century Communities, Inc. (NYSE:CCS) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,795 shares of the construction company’s stock after acquiring an additional 19,917 shares during the period. First Eagle Investment Management LLC owned 0.49% of Century Communities worth $11,136,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund lifted its position in Century Communities by 2.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company’s stock valued at $1,157,000 after buying an additional 349 shares during the period. KBC Group NV lifted its position in Century Communities by 44.3% during the fourth 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 period. Principal Securities Inc. lifted its position in Century Communities by 27.7% during the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock valued at $156,000 after buying an additional 460 shares during the period. Point72 Hong Kong Ltd purchased a new position in Century Communities during the third quarter valued at $51,000. Finally, Smartleaf Asset Management LLC lifted its position in Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after buying an additional 569 shares during the period. Institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

CCS opened at $68.01 on Friday. The stock has a 50-day moving average price of $73.16 and a 200-day moving average price of $85.11. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $2.11 billion, a PE ratio of 6.54 and a beta of 2.10. Century Communities, Inc. has a 1 year low of $66.62 and a 1 year high of $108.42.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Sell-side analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.29 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. Century Communities’s payout ratio is 11.15%.

Analysts Set New Price Targets

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

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.