Bayforest Capital Ltd Purchases 2,979 Shares of Century Communities, Inc. $CCS

Bayforest Capital Ltd increased its position in Century Communities, Inc. (NYSE:CCS) by 48.3% in the second quarter, Holdings Channel.com reports. The fund owned 9,146 shares of the construction company’s stock after acquiring an additional 2,979 shares during the quarter. Bayforest Capital Ltd’s holdings in Century Communities were worth $515,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Century Communities by 1.1% during the first quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company’s stock valued at $133,749,000 after purchasing an additional 21,619 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Century Communities by 32.5% during the 1st quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company’s stock valued at $104,592,000 after buying an additional 382,408 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Century Communities by 32.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company’s stock valued at $71,102,000 after buying an additional 258,245 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Century Communities by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 570,335 shares of the construction company’s stock valued at $38,269,000 after buying an additional 42,809 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Century Communities by 83.4% during the 1st quarter. Voya Investment Management LLC now owns 397,380 shares of the construction company’s stock valued at $26,664,000 after buying an additional 180,698 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Trading Up 5.3%

Shares of CCS opened at $60.83 on Wednesday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 7.43 and a beta of 1.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $104.21. The firm has a 50 day moving average price of $64.29 and a 200-day moving average price of $59.69.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.65 EPS. As a group, equities research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities’s payout ratio is presently 14.16%.

Analyst Ratings Changes

CCS has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. B. Riley started coverage on shares of Century Communities in a research report on Monday, June 30th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Century Communities has an average rating of “Hold” and an average price target of $85.00.

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.