7,444 Shares in Century Communities, Inc. $CCS Bought by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. bought a new stake in shares of Century Communities, Inc. (NYSE:CCS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,444 shares of the construction company’s stock, valued at approximately $533,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of Century Communities by 6.5% during the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock valued at $995,000 after purchasing an additional 910 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Century Communities by 138.0% in the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Century Communities by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock worth $1,102,000 after purchasing an additional 529 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position 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 in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Zacks Research upgraded Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. cut their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.00.

Century Communities Price Performance

NYSE:CCS opened at $69.46 on Thursday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.23 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. The business has a 50 day simple moving average of $68.22 and a 200-day simple moving average of $62.64. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm had revenue of $927.23 million for the quarter, compared to the consensus estimate of $857.23 million. During the same quarter in the previous year, the company posted $1.37 EPS. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities analysts forecast that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Century Communities’s payout ratio is 28.07%.

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.