Century Communities (NYSE:CCS) Shares Up 4.6% – Here’s Why

Shares of Century Communities, Inc. (NYSE:CCS) were up 4.6% during mid-day trading on Friday . The company traded as high as $66.87 and last traded at $65.83. Approximately 184,768 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 471,808 shares. The stock had previously closed at $62.93.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCS. Wedbush reissued a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $97.00 in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $103.00.

Century Communities Price Performance

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 stock has a fifty day simple moving average of $71.41 and a 200-day simple moving average of $81.79. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 6.31 and a beta of 1.76.

Century Communities (NYSE:CCS) last posted 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%. On average, equities research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.29 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 1.77%. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio (DPR) is presently 11.15%.

Institutional Investors Weigh In On Century Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in shares of Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after acquiring an additional 331 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after buying an additional 569 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after buying an additional 688 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Century Communities in the fourth quarter worth about $74,000. Finally, KBC Group NV lifted its stake in shares of Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after buying an additional 403 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.