Century Communities (NYSE:CCS) PT Raised to $113.00

Century Communities (NYSE:CCS) had its price target lifted by B. Riley from $110.00 to $113.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Separately, Wedbush boosted their price objective on Century Communities from $82.00 to $90.00 and gave the stock a neutral rating in a research note on Thursday.

Century Communities Price Performance

Shares of NYSE CCS opened at $99.80 on Thursday. The stock has a market cap of $3.17 billion, a P/E ratio of 11.08 and a beta of 1.86. The firm’s 50-day simple moving average is $84.80 and its 200 day simple moving average is $85.87. Century Communities has a fifty-two week low of $58.01 and a fifty-two week high of $103.42. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.19. Century Communities had a net margin of 7.90% and a return on equity of 14.15%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $1.60 EPS. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities analysts expect that Century Communities will post 10.36 EPS for the current year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $1.04 annualized dividend and a dividend yield of 1.04%. Century Communities’s dividend payout ratio is currently 11.54%.

Institutional Trading of Century Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. grew its position in Century Communities by 106.3% in the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock worth $76,610,000 after buying an additional 409,068 shares during the last quarter. Norges Bank acquired a new position in shares of Century Communities in the 4th quarter worth $11,727,000. First Trust Advisors LP raised its position in shares of Century Communities by 27.8% during the fourth quarter. First Trust Advisors LP now owns 339,697 shares of the construction company’s stock worth $30,960,000 after purchasing an additional 73,991 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Century Communities by 673.8% during the second quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company’s stock valued at $5,430,000 after purchasing an additional 57,904 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position 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 valued at $184,104,000 after purchasing an additional 29,989 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

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.