Century Communities (NYSE:CCS) Trading Up 9.8% – What’s Next?

Century Communities, Inc. (NYSE:CCS)’s stock price was up 9.8% during mid-day trading on Friday . The company traded as high as $67.31 and last traded at $67.6360. Approximately 277,175 shares were traded during trading, an increase of 15% from the average daily volume of 240,377 shares. The stock had previously closed at $61.59.

Analyst Ratings Changes

A number of research firms have commented on CCS. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $56.00 price target on shares of Century Communities in a research report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and a consensus price target of $71.33.

Century Communities Trading Up 10.7%

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $2.00 billion, a P/E ratio of 9.95 and a beta of 1.56. The firm has a 50-day moving average of $60.61 and a two-hundred day moving average of $61.62.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.66. The firm had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The business’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.77 earnings per share. On average, analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th were given a $0.29 dividend. The ex-dividend date was Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. Century Communities’s dividend payout ratio (DPR) is currently 16.93%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Traub Capital Management LLC acquired a new stake in shares of Century Communities during the second quarter valued at about $39,000. EverSource Wealth Advisors LLC raised its holdings in Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after buying an additional 465 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares during the period. GAMMA Investing LLC boosted its position in Century Communities by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after buying an additional 275 shares during the period. Finally, State of Wyoming grew its holdings in Century Communities by 37.3% during the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after acquiring an additional 447 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.