Century Communities (NYSE:CCS) Sets New 1-Year High – Still a Buy?

Century Communities, Inc. (NYSE:CCS) shares hit a new 52-week high on Thursday . The company traded as high as $75.64 and last traded at $74.27, with a volume of 18893 shares changing hands. The stock had previously closed at $73.37.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. B. Riley Financial restated a “buy” rating on shares of Century Communities in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Citizens Jmp began coverage on shares of Century Communities in a research note on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a report on Monday, February 2nd. Finally, Citigroup began coverage on Century Communities in a research report on Wednesday, January 21st. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.75.

Century Communities Trading Down 0.8%

The company’s 50 day simple moving average is $63.84 and its two-hundred day simple moving average is $63.02. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 14.98 and a beta of 1.58.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $3.54 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.32 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Century Communities’s dividend payout ratio (DPR) is 23.87%.

Hedge Funds Weigh In On Century Communities

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in shares of Century Communities by 6.5% in the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock valued at $995,000 after acquiring an additional 910 shares during the last quarter. AQR Capital Management LLC grew its position in Century Communities by 138.0% during the 1st quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after purchasing an additional 41,653 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Century Communities by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after buying an additional 529 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Century Communities by 1,513.3% in the 1st 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 period. Finally, Intech Investment Management LLC boosted its stake in shares of Century Communities by 16.7% in the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock worth $1,416,000 after buying an additional 3,026 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Company Profile

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.