Century Communities, Inc. $CCS Shares Sold by Bridge City Capital LLC

Bridge City Capital LLC decreased its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,131 shares of the construction company’s stock after selling 9,183 shares during the quarter. Century Communities comprises approximately 1.4% of Bridge City Capital LLC’s holdings, making the stock its 24th biggest holding. Bridge City Capital LLC’s holdings in Century Communities were worth $4,696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its holdings in shares of Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after acquiring an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Century Communities by 28.8% during the 4th quarter. Covestor Ltd now owns 1,926 shares of the construction company’s stock valued at $114,000 after acquiring an additional 431 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Century Communities by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCS. JPMorgan Chase & Co. reduced their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Finally, B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $67.00.

Century Communities Trading Down 0.9%

NYSE CCS opened at $60.12 on Friday. Century Communities, Inc. has a 12 month low of $47.28 and a 12 month high of $76.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.54 and a beta of 1.34. The company’s fifty day moving average price is $56.17 and its two-hundred day moving average price is $61.01.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.27. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The business had revenue of $789.67 million for the quarter, compared to analysts’ expectations of $961.12 million. During the same quarter last year, the company earned $1.36 EPS. The company’s revenue for the quarter was down 16.9% compared to the same quarter last year. As a group, research analysts predict that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Wednesday, May 27th. Century Communities’s dividend payout ratio is currently 28.83%.

Century Communities 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.