Century Communities (NYSE:CCS) Shares Gap Up to $72.47

Century Communities, Inc. (NYSE:CCS)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $72.47, but opened at $74.89. Century Communities shares last traded at $76.38, with a volume of 2,661 shares changing hands.

A number of brokerages have recently commented on CCS. Zacks Investment Research cut shares of Century Communities from a “buy” rating to a “hold” rating in a report on Wednesday, December 29th. Wells Fargo & Company lifted their price objective on shares of Century Communities from $70.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of Century Communities from $104.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday, October 14th. Finally, B. Riley lifted their price objective on shares of Century Communities from $102.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Century Communities currently has a consensus rating of “Buy” and an average price target of $97.20.

The company has a market capitalization of $2.47 billion, a PE ratio of 5.86 and a beta of 1.95. The firm’s 50-day simple moving average is $75.96 and its 200 day simple moving average is $69.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.97 and a current ratio of 1.97.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, October 27th. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.06 by $0.57. The company had revenue of $958.03 million for the quarter, compared to analyst estimates of $940.95 million. Century Communities had a net margin of 10.64% and a return on equity of 30.48%. The business’s revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. As a group, equities analysts anticipate that Century Communities, Inc. will post 14.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 15th. Shareholders of record on Wednesday, December 1st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.82%. Century Communities’s payout ratio is currently 4.80%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA acquired a new position in shares of Century Communities during the 2nd quarter worth $1,129,000. Citigroup Inc. raised its stake in shares of Century Communities by 8.0% during the 2nd quarter. Citigroup Inc. now owns 53,673 shares of the construction company’s stock worth $3,571,000 after buying an additional 3,980 shares during the last quarter. Guild Investment Management Inc. raised its stake in shares of Century Communities by 57.1% during the 3rd quarter. Guild Investment Management Inc. now owns 32,600 shares of the construction company’s stock worth $2,003,000 after buying an additional 11,850 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Century Communities by 149.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 53,979 shares of the construction company’s stock worth $3,592,000 after buying an additional 32,318 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Century Communities by 0.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 97,100 shares of the construction company’s stock worth $6,461,000 after buying an additional 700 shares during the last quarter. Institutional investors own 84.78% of the company’s stock.

Century Communities Company Profile (NYSE:CCS)

Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, Southeast, and Wade Journey Homes. The West segment refers to Southern California, Central Valley, Bay Area and Washington.

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