Century Communities (NYSE:CCS) Reaches New 12-Month High at $95.50

Century Communities, Inc. (NYSE:CCS) hit a new 52-week high during trading on Thursday . The stock traded as high as $95.50 and last traded at $95.50, with a volume of 6321 shares. The stock had previously closed at $94.59.

Analyst Ratings Changes

A number of brokerages recently commented on CCS. Wedbush reissued a “neutral” rating and set a $92.00 price objective on shares of Century Communities in a research note on Tuesday, March 5th. B. Riley lifted their price objective 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 Price Performance

The company has a market capitalization of $3.08 billion, a PE ratio of 11.75 and a beta of 1.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. The company’s 50 day simple moving average is $87.73 and its 200 day simple moving average is $78.34.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.66. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $915.91 million. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. As a group, sell-side analysts predict that Century Communities, Inc. will post 10.06 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were given a dividend of $0.26 per share. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Tuesday, February 27th. Century Communities’s dividend payout ratio is currently 12.92%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CCS. American Century Companies Inc. boosted its position in shares of Century Communities by 33.1% in the third quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock worth $26,332,000 after buying an additional 97,953 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Century Communities by 19.4% in the third quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock valued at $4,952,000 after buying an additional 12,024 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Century Communities by 283.4% during the third quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock worth $2,145,000 after acquiring an additional 23,742 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Century Communities by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock valued at $924,000 after purchasing an additional 170 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Century Communities by 400.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 15,901 shares of the construction company’s stock valued at $1,062,000 after acquiring an additional 12,721 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

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.