Century Communities (NYSE:CCS) Posts Earnings Results

Century Communities (NYSE:CCS) posted its earnings results on Wednesday. The construction company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67, reports. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. The firm had revenue of $948.54 million for the quarter, compared to the consensus estimate of $791.67 million.

Century Communities Stock Performance

Shares of NYSE:CCS traded up $0.50 during midday trading on Friday, hitting $78.82. The company had a trading volume of 330,332 shares, compared to its average volume of 289,567. Century Communities has a 12-month low of $58.01 and a 12-month high of $97.92. The company has a fifty day moving average of $86.39 and a two-hundred day moving average of $81.02. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 8.75 and a beta of 1.71. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.46.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 27th. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. Century Communities’s payout ratio is currently 11.54%.

Hedge Funds Weigh In On Century Communities

Institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System bought a new position in Century Communities in the 4th quarter worth $1,285,000. American Century Companies Inc. raised its holdings in Century Communities by 33.1% in the 3rd quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock worth $26,332,000 after purchasing an additional 97,953 shares during the period. Envestnet Asset Management Inc. raised its holdings in Century Communities by 19.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 74,160 shares of the construction company’s stock worth $4,952,000 after purchasing an additional 12,024 shares during the period. Assenagon Asset Management S.A. bought a new position in Century Communities in the 4th quarter worth $1,051,000. Finally, Qube Research & Technologies Ltd raised its holdings in Century Communities by 283.4% during the third quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock valued at $2,145,000 after acquiring an additional 23,742 shares during the period. 99.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CCS shares. B. Riley boosted their price target on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Wedbush reaffirmed an “underperform” rating and issued a $82.00 price objective on shares of Century Communities in a research report on Thursday.

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.