Century Communities (NYSE:CCS) Hits New 1-Year High at $95.50

Century Communities, Inc. (NYSE:CCS) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $95.50 and last traded at $95.50, with a volume of 6321 shares. The stock had previously closed at $94.59.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. B. Riley boosted their price objective 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. Wedbush restated a “neutral” rating and issued a $92.00 target price on shares of Century Communities in a report on Tuesday, March 5th.

Century Communities Stock Up 2.6 %

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. The business has a 50-day moving average of $87.73 and a 200 day moving average of $78.34. The company has a market capitalization of $3.08 billion, a PE ratio of 11.75 and a beta of 1.71.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 31st. The construction company reported $2.93 EPS for the quarter, topping the consensus estimate of $2.27 by $0.66. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $915.91 million. Equities research analysts predict that Century Communities, Inc. will post 10.06 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. This is an increase from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, February 27th. Century Communities’s dividend payout ratio is presently 12.92%.

Institutional Investors Weigh In On Century Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in CCS. JPMorgan Chase & Co. boosted its holdings in shares of Century Communities by 72.6% during the 1st quarter. JPMorgan Chase & Co. now owns 128,730 shares of the construction company’s stock worth $6,896,000 after purchasing an additional 54,156 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Century Communities by 11.7% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 17,343 shares of the construction company’s stock worth $929,000 after buying an additional 1,823 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Century Communities by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 363,683 shares of the construction company’s stock valued at $19,482,000 after purchasing an additional 7,071 shares during the last quarter. MetLife Investment Management LLC increased its stake in Century Communities by 57.7% in the first quarter. MetLife Investment Management LLC now owns 16,306 shares of the construction company’s stock valued at $874,000 after purchasing an additional 5,965 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Century Communities by 3.2% in the first quarter. Rhumbline Advisers now owns 76,119 shares of the construction company’s stock valued at $4,078,000 after acquiring an additional 2,381 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.