Century Communities (NYSE:CCS) Shares Gap Down to $82.14

Shares of Century Communities, Inc. (NYSE:CCS) gapped down prior to trading on Thursday . The stock had previously closed at $82.14, but opened at $74.76. Century Communities shares last traded at $78.37, with a volume of 121,089 shares trading hands.

Wall Street Analyst Weigh In

CCS has been the topic of several research analyst reports. Wedbush reiterated an “underperform” rating and set a $82.00 price target on shares of Century Communities in a research report on Thursday. B. Riley lifted their price target on shares of Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st.

Century Communities Stock Performance

The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $86.75 and its two-hundred day moving average is $80.93. The company has a market cap of $2.49 billion, a PE ratio of 9.76 and a beta of 1.71.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.55 by $0.67. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. The business had revenue of $948.54 million for the quarter, compared to analysts’ expectations of $791.67 million. On average, equities research analysts anticipate that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were issued a $0.26 dividend. The ex-dividend date was Tuesday, February 27th. This is an increase from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.33%. Century Communities’s payout ratio is 12.92%.

Institutional Trading of Century Communities

A number of large investors have recently made changes to their positions in CCS. SummerHaven Investment Management LLC grew its holdings in Century Communities by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 9,457 shares of the construction company’s stock valued at $862,000 after purchasing an additional 128 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Century Communities by 1.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock valued at $924,000 after purchasing an additional 170 shares during the last quarter. M&T Bank Corp grew its holdings in Century Communities by 4.8% during the 4th quarter. M&T Bank Corp now owns 4,084 shares of the construction company’s stock valued at $372,000 after purchasing an additional 188 shares during the last quarter. Keybank National Association OH grew its holdings in Century Communities by 3.6% during the 3rd quarter. Keybank National Association OH now owns 7,650 shares of the construction company’s stock valued at $511,000 after purchasing an additional 264 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Century Communities by 42.5% during the 1st quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock valued at $87,000 after purchasing an additional 270 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Company Profile

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.