Century Communities (NYSE:CCS) Stock Price Up 4.6% – Still a Buy?

Century Communities, Inc. (NYSE:CCS)’s stock price traded up 4.6% during trading on Friday . The company traded as high as $66.87 and last traded at $65.83. 184,768 shares traded hands during trading, a decline of 61% from the average session volume of 471,808 shares. The stock had previously closed at $62.93.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCS. Zelman & Associates raised Century Communities to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Century Communities Stock Up 4.3 %

The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.01 billion, a P/E ratio of 6.31 and a beta of 1.76. The company’s 50 day moving average price is $71.41 and its two-hundred day moving average price is $81.79.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. As a group, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.77%. Century Communities’s dividend payout ratio (DPR) is 11.15%.

Institutional Trading of Century Communities

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after purchasing an additional 331 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Century Communities in the 4th quarter worth approximately $2,487,000. Public Employees Retirement System of Ohio raised its stake in shares of Century Communities by 29.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 48,575 shares of the construction company’s stock worth $3,563,000 after acquiring an additional 11,165 shares in the last quarter. Pacific Point Advisors LLC purchased a new stake in Century Communities during the fourth quarter valued at approximately $1,027,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Century Communities by 6.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 80,530 shares of the construction company’s stock valued at $5,908,000 after acquiring an additional 4,847 shares in the last quarter. Hedge funds and other 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.