Summit Global Investments Has $1.56 Million Stock Position in Century Communities, Inc. (NYSE:CCS)

Summit Global Investments increased its position in Century Communities, Inc. (NYSE:CCS) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,134 shares of the construction company’s stock after purchasing an additional 2,710 shares during the period. Summit Global Investments’ holdings in Century Communities were worth $1,562,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. NBC Securities Inc. bought a new stake in shares of Century Communities during the third quarter worth about $33,000. Daiwa Securities Group Inc. purchased a new stake in shares of Century Communities in the fourth quarter worth approximately $36,000. GAMMA Investing LLC bought a new position in shares of Century Communities in the fourth quarter valued at approximately $55,000. Quantbot Technologies LP purchased a new position in shares of Century Communities during the third quarter valued at approximately $59,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Century Communities during the fourth quarter worth $107,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CCS. Wedbush restated an “underperform” rating and set a $82.00 price target on shares of Century Communities in a report on Thursday, April 25th. B. Riley boosted their target price on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st.

Century Communities Stock Performance

Shares of Century Communities stock traded up $1.35 during trading hours on Friday, hitting $83.26. 230,023 shares of the company’s stock traded hands, compared to its average volume of 321,044. The company has a fifty day simple moving average of $85.85 and a 200-day simple moving average of $81.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 9.24 and a beta of 1.76. Century Communities, Inc. has a 12-month low of $58.01 and a 12-month high of $97.92.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. The company had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. Equities research analysts anticipate that Century Communities, Inc. will post 10.36 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 27th. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.25%. Century Communities’s dividend payout ratio is 11.54%.

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.