Century Communities (NYSE:CCS) Trading Up 9.8% – Time to Buy?

Shares of Century Communities, Inc. (NYSE:CCS) traded up 9.8% during trading on Friday . The stock traded as high as $67.31 and last traded at $67.6360. 277,175 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 240,377 shares. The stock had previously closed at $61.59.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $56.00 target price on shares of Century Communities in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Century Communities presently has a consensus rating of “Hold” and a consensus price target of $71.33.

Century Communities Trading Up 10.7%

The company’s 50 day simple moving average is $60.79 and its 200 day simple moving average is $61.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 9.95 and a beta of 1.56.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The firm had revenue of $980.28 million during the quarter, compared to analyst estimates of $906.10 million. During the same period last year, the business posted $2.77 earnings per share. Century Communities’s revenue was down 13.8% compared to the same quarter last year. As a group, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. Century Communities’s payout ratio is currently 16.93%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Traub Capital Management LLC acquired a new position in Century Communities during the 2nd quarter worth approximately $39,000. EverSource Wealth Advisors LLC grew its stake in shares of Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after buying an additional 1,135 shares during the last quarter. GAMMA Investing LLC raised its stake in Century Communities by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock valued at $104,000 after buying an additional 275 shares in the last quarter. Finally, State of Wyoming lifted its holdings in Century Communities by 37.3% during the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after buying an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

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.