Century Communities (NYSE:CCS) Stock Jumps 6.5% – What’s Next?

Shares of Century Communities, Inc. (NYSE:CCS) rose 6.5% during mid-day trading on Thursday. The company traded as high as $57.63 and last traded at $57.8340. Approximately 30,983 shares were traded during mid-day trading, a decline of 89% from the average session volume of 288,027 shares. The stock had previously closed at $54.28.

Analysts Set New Price Targets

CCS has been the topic of several recent research reports. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Finally, Zacks Research downgraded shares of Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Century Communities currently has a consensus rating of “Hold” and a consensus price target of $67.00.

Century Communities Price Performance

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.66 billion, a PE ratio of 12.78 and a beta of 1.28. The company’s 50 day moving average is $62.28 and its 200-day moving average is $61.67.

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

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, August 26th. Century Communities’s payout ratio is presently 28.07%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its holdings in Century Communities by 56.3% in the third quarter. Versant Capital Management Inc now owns 644 shares of the construction company’s stock valued at $39,000 after purchasing an additional 232 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in Century Communities by 7.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,659 shares of the construction company’s stock worth $208,000 after purchasing an additional 252 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Century Communities by 287.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 430 shares of the construction company’s stock worth $26,000 after purchasing an additional 319 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in Century Communities by 2.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company’s stock worth $867,000 after purchasing an additional 359 shares during the last quarter. Finally, Nykredit A S purchased a new stake in Century Communities during the 2nd quarter worth approximately $26,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.