Century Communities, Inc. (NYSE:CCS) Shares Acquired by Bridge City Capital LLC

Bridge City Capital LLC lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 37.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 61,407 shares of the construction company’s stock after buying an additional 16,617 shares during the period. Century Communities accounts for 1.2% of Bridge City Capital LLC’s investment portfolio, making the stock its 29th biggest holding. Bridge City Capital LLC’s holdings in Century Communities were worth $4,120,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CCS. Versant Capital Management Inc raised its holdings in Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock worth $26,000 after purchasing an additional 331 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after purchasing an additional 569 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after purchasing an additional 688 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Century Communities in the 4th quarter valued at about $74,000. Finally, KBC Group NV grew its stake in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after buying an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Insider Activity at Century Communities

In other news, Director Elisa Z. Ramirez acquired 500 shares of the business’s stock in a transaction on Friday, May 9th. The stock was bought at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the transaction, the director now owns 8,981 shares in the company, valued at $491,081.08. This represents a 5.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 2,400 shares of company stock worth $130,426 in the last three months. Insiders own 11.90% of the company’s stock.

Century Communities Stock Performance

NYSE CCS opened at $52.34 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42. The business’s 50-day moving average price is $56.42 and its 200 day moving average price is $68.90. The firm has a market cap of $1.60 billion, a P/E ratio of 5.03 and a beta of 1.43.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The company had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. During the same period in the previous year, the business posted $2.22 earnings per share. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, May 28th. Century Communities’s dividend payout ratio is presently 12.01%.

Analyst Ratings Changes

Separately, Wedbush lowered their target price on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Century Communities presently has a consensus rating of “Hold” and an average price target of $101.33.

Century Communities 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.