Century Communities, Inc. (NYSE:CCS) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 1,733.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,500 shares of the construction company’s stock after buying an additional 36,400 shares during the quarter. Canada Pension Plan Investment Board owned about 0.12% of Century Communities worth $2,824,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CCS. Marshall Wace LLP grew its stake in Century Communities by 660.5% during the 4th quarter. Marshall Wace LLP now owns 202,518 shares of the construction company’s stock valued at $14,857,000 after acquiring an additional 175,887 shares in the last quarter. Norges Bank purchased a new stake in shares of Century Communities in the fourth quarter valued at approximately $5,663,000. Barclays PLC grew its position in shares of Century Communities by 86.3% in the fourth quarter. Barclays PLC now owns 141,799 shares of the construction company’s stock valued at $10,403,000 after purchasing an additional 65,685 shares in the last quarter. Invesco Ltd. lifted its position in Century Communities by 27.9% during the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock worth $17,328,000 after buying an additional 51,589 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Century Communities by 11.6% during the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after buying an additional 51,021 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

NYSE CCS opened at $61.33 on Wednesday. The stock has a fifty day simple moving average of $67.04 and a 200-day simple moving average of $77.79. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.88 billion, a PE ratio of 5.90 and a beta of 1.76. Century Communities, Inc. has a twelve month low of $55.85 and a twelve month high of $108.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.89%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio is 11.15%.

Wall Street Analysts Forecast Growth

CCS has been the subject of a number of recent research reports. Zelman & Associates raised Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush reaffirmed a “neutral” rating and set a $93.00 target price (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. 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’s stock. According to data from MarketBeat.com, Century Communities has an average rating of “Hold” and a consensus 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.