Bridge City Capital LLC Decreases Stock Holdings in Century Communities, Inc. $CCS

Bridge City Capital LLC lowered its stake in shares of Century Communities, Inc. (NYSE:CCS) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,131 shares of the construction company’s stock after selling 9,183 shares during the period. Century Communities comprises 1.4% of Bridge City Capital LLC’s portfolio, making the stock its 24th largest holding. Bridge City Capital LLC owned 0.27% of Century Communities worth $4,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its holdings in Century Communities by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock worth $301,000 after buying an additional 155 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Century Communities by 7.8% during the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock worth $134,000 after buying an additional 173 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Century Communities by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock worth $793,000 after buying an additional 173 shares in the last quarter. CWM LLC boosted its holdings in Century Communities by 1.7% during the fourth quarter. CWM LLC now owns 17,745 shares of the construction company’s stock worth $1,053,000 after buying an additional 292 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Century Communities by 207.6% during the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after buying an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CCS. JPMorgan Chase & Co. decreased their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a report on Wednesday, April 29th. Zacks Research cut shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $75.00 to $64.00 in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $67.00.

Century Communities Price Performance

Century Communities stock opened at $60.12 on Friday. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00. The firm has a 50 day moving average price of $56.17 and a 200 day moving average price of $61.01. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 13.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The firm had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. During the same period in the previous year, the firm earned $1.36 earnings per share. Century Communities’s revenue was down 16.9% compared to the same quarter last year. Sell-side analysts predict that Century Communities, Inc. will post 3.84 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, May 27th. Century Communities’s payout ratio is presently 28.83%.

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.