Century Communities (NYSE:CCS) Shares Gap Down to $82.14

Century Communities, Inc. (NYSE:CCS)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $82.14, but opened at $74.76. Century Communities shares last traded at $78.37, with a volume of 121,089 shares changing hands.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wedbush reaffirmed an “underperform” rating and set a $82.00 target price on shares of Century Communities in a research note on Thursday. B. Riley lifted their target price on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

Century Communities Trading Up 0.6 %

The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.75 and a beta of 1.71. The firm has a 50-day moving average price of $86.39 and a 200-day moving average price of $81.02. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.67. Century Communities had a return on equity of 13.06% and a net margin of 7.47%. The company had revenue of $948.54 million for the quarter, compared to analysts’ expectations of $791.67 million. As a group, sell-side analysts predict that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The company also recently declared 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 boost from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.32%. Century Communities’s dividend payout ratio (DPR) is 11.54%.

Hedge Funds Weigh In On Century Communities

Several hedge funds have recently modified their holdings of the company. AlphaMark Advisors LLC acquired a new position in shares of Century Communities during the 1st quarter valued at $322,000. Ausbil Investment Management Ltd acquired a new position in shares of Century Communities in the 1st quarter worth $1,684,000. GAMMA Investing LLC grew its holdings in shares of Century Communities by 42.5% in the 1st quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock worth $87,000 after acquiring an additional 270 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of Century Communities by 197.4% in the 4th quarter. Nomura Holdings Inc. now owns 8,919 shares of the construction company’s stock worth $813,000 after acquiring an additional 5,920 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Century Communities by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock worth $184,104,000 after acquiring an additional 29,989 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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.