Farringdon Capital Ltd. Invests $307,000 in Century Communities, Inc. (NYSE:CCS)

Farringdon Capital Ltd. bought a new stake in shares of Century Communities, Inc. (NYSE:CCS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,186 shares of the construction company’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted 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 worth $54,000 after purchasing an additional 569 shares during the period. Sterling Capital Management LLC raised its stake in Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after buying an additional 688 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Century Communities in the fourth quarter worth about $74,000. KBC Group NV boosted its position in 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 acquiring an additional 403 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Century Communities during the 4th quarter worth approximately $142,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CCS. Zelman & Associates raised Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush reiterated a “neutral” rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Century Communities presently has an average rating of “Hold” and a consensus target price of $103.00.

Century Communities Price Performance

Shares of NYSE:CCS opened at $59.55 on Friday. The company has a market capitalization of $1.83 billion, a PE ratio of 5.73 and a beta of 1.76. The business has a fifty day moving average price of $67.51 and a 200-day moving average price of $78.51. Century Communities, Inc. has a 1-year low of $55.85 and a 1-year high of $108.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.

Century Communities (NYSE:CCS) last issued its 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 net margin of 7.59% and a return on equity of 14.17%. As a group, equities analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.95%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is currently 11.15%.

Century Communities Company 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.