Century Communities (NYSE:CCS) Reaches New 52-Week High at $95.50

Century Communities, Inc. (NYSE:CCS)’s share price hit a new 52-week high during 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.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. B. Riley upped their price target on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Wedbush reaffirmed a “neutral” rating and set a $92.00 price target on shares of Century Communities in a report on Tuesday, March 5th.

Century Communities Price Performance

The firm has a 50-day moving average of $87.73 and a 200-day moving average of $78.34. 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 stock has a market cap of $3.08 billion, a PE ratio of 11.75 and a beta of 1.71.

Century Communities (NYSE:CCS) last released its 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. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $915.91 million. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. Research analysts predict that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.07%. This is a boost 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 12.92%.

Institutional Investors Weigh In On Century Communities

A number of hedge funds have recently bought and sold shares of CCS. NBC Securities Inc. purchased a new position in Century Communities in the third quarter worth about $33,000. Daiwa Securities Group Inc. bought a new position in shares of Century Communities during the 4th quarter valued at approximately $36,000. GAMMA Investing LLC purchased a new stake in Century Communities during the 4th quarter valued at $55,000. Quantbot Technologies LP bought a new stake in Century Communities in the third quarter worth $59,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Century Communities during the fourth quarter worth $107,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.