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

Century Communities, Inc. (NYSE:CCS)’s share price reached 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 traded. The stock had previously closed at $94.59.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CCS shares. B. Riley raised their price objective on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Wedbush reissued a “neutral” rating and issued a $92.00 target price on shares of Century Communities in a research report on Tuesday, March 5th.

Century Communities Stock Up 2.6 %

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 has a market capitalization of $3.08 billion, a price-to-earnings ratio of 11.75 and a beta of 1.71. The stock’s fifty day simple moving average is $87.73 and its two-hundred day simple moving average is $78.34.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.66. The firm had revenue of $1.21 billion for 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%. On average, sell-side analysts predict that Century Communities, Inc. will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

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

Institutional Investors Weigh In On Century Communities

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. raised its position in shares of Century Communities by 197.4% in the fourth quarter. Nomura Holdings Inc. now owns 8,919 shares of the construction company’s stock valued at $813,000 after purchasing an additional 5,920 shares during the period. Vanguard Group Inc. grew its holdings in shares of Century Communities by 1.5% during 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 last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Century Communities by 0.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 429,476 shares of the construction company’s stock valued at $39,142,000 after acquiring an additional 1,194 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Century Communities by 16.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,440 shares of the construction company’s stock valued at $1,863,000 after buying an additional 2,876 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Century Communities by 2.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 26,059 shares of the construction company’s stock valued at $2,375,000 after acquiring an additional 514 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.