Jefferies Financial Group Inc. Takes Position in Century Communities, Inc. $CCS

Jefferies Financial Group Inc. purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 21,057 shares of the construction company’s stock, valued at approximately $1,509,000.

A number of other institutional investors have also recently made changes to their positions in CCS. BlackRock Inc. bought a new position in shares of Century Communities during the second quarter valued at about $367,973,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Century Communities in the second quarter worth about $4,350,000. Vanguard Group Inc. increased its holdings in Century Communities by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after purchasing an additional 72,920 shares during the period. First Eagle Investment Management LLC raised its position in Century Communities by 10.3% during the 4th quarter. First Eagle Investment Management LLC now owns 240,940 shares of the construction company’s stock valued at $14,300,000 after purchasing an additional 22,450 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Century Communities during the 2nd quarter valued at approximately $8,704,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Up 1.2%

Shares of Century Communities stock opened at $69.21 on Friday. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 15.18 and a beta of 1.30. The company has a 50-day moving average of $68.46 and a 200 day moving average of $62.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The business had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Century Communities’s quarterly revenue was down 8.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 4.86 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. Century Communities’s dividend payout ratio is presently 28.07%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCS. Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Zelman & Associates lowered shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.00.

Century Communities Profile

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.