Century Communities (NYSE:CCS) Sets New 52-Week High at $105.56

Century Communities, Inc. (NYSE:CCS)’s share price hit a new 52-week high on Wednesday . The company traded as high as $105.56 and last traded at $105.18, with a volume of 53009 shares changing hands. The stock had previously closed at $104.74.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wedbush increased their price objective on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. B. Riley increased their price objective on shares of Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday, July 25th.

Century Communities Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $3.28 billion, a P/E ratio of 11.62 and a beta of 1.86. The company’s 50-day simple moving average is $86.11 and its two-hundred day simple moving average is $86.32.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.19. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.60 earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. As a group, research analysts expect that Century Communities, Inc. will post 10.68 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $1.04 annualized dividend and a yield of 0.99%. Century Communities’s payout ratio is presently 11.54%.

Institutional Trading of Century Communities

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC increased its stake in shares of Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Century Communities by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 9,457 shares of the construction company’s stock worth $862,000 after purchasing an additional 128 shares in the last quarter. Covestor Ltd grew its stake in Century Communities by 95.0% during the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after acquiring an additional 133 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in Century Communities by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 28,174 shares of the construction company’s stock valued at $2,719,000 after acquiring an additional 151 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Century Communities by 4.8% during the fourth quarter. M&T Bank Corp now owns 4,084 shares of the construction company’s stock valued at $372,000 after acquiring an additional 188 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

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.