Empowered Funds LLC Boosts Holdings in Century Communities, Inc. $CCS

Empowered Funds LLC lifted its position in shares of Century Communities, Inc. (NYSE:CCS) by 40.9% in the first quarter, Holdings Channel reports. The institutional investor owned 205,823 shares of the construction company’s stock after acquiring an additional 59,713 shares during the quarter. Empowered Funds LLC’s holdings in Century Communities were worth $11,810,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after acquiring an additional 465 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Century Communities during the fourth quarter worth $70,000. Jones Financial Companies Lllp increased its stake in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Century Communities in the first quarter valued at $81,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

CCS has been the topic of several recent analyst reports. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings raised Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Zelman & Associates lowered shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Zacks Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Century Communities presently has a consensus rating of “Hold” and an average target price of $67.00.

Century Communities Stock Down 2.5%

Shares of NYSE CCS opened at $69.45 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $62.61 and its two-hundred day moving average is $62.18. Century Communities, Inc. has a 52-week low of $47.28 and a 52-week high of $76.00. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 15.23 and a beta of 1.29.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The business had revenue of $927.23 million during the quarter, compared to analyst estimates of $857.23 million. During the same period last year, the business posted $1.37 earnings per share. The company’s quarterly revenue was down 8.1% on a year-over-year basis. Research analysts predict that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.28 annualized dividend and a yield of 1.8%. Century Communities’s dividend payout ratio is presently 28.07%.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.