Century Communities (NYSE:CCS) Shares Gap Down to $82.14

Century Communities, Inc. (NYSE:CCS) gapped down prior to trading on Thursday . The stock had previously closed at $82.14, but opened at $74.76. Century Communities shares last traded at $78.37, with a volume of 121,089 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on CCS. Wedbush reissued an “underperform” rating and issued a $82.00 price objective on shares of Century Communities in a research note on Thursday. B. Riley increased their price objective on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

Century Communities Trading Up 0.6 %

The company has a 50 day moving average of $86.39 and a 200 day moving average of $81.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.75 and a beta of 1.71.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a return on equity of 13.06% and a net margin of 7.47%. The business had revenue of $948.54 million during the quarter, compared to the consensus estimate of $791.67 million. On average, research analysts predict that Century Communities, Inc. will post 10.06 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a $0.26 dividend. The ex-dividend date was Tuesday, February 27th. This is an increase from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.32%. Century Communities’s dividend payout ratio (DPR) is 11.54%.

Institutional Trading of Century Communities

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Century Communities by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,616,401 shares of the construction company’s stock worth $238,460,000 after purchasing an additional 17,842 shares during the period. Vanguard Group Inc. grew its holdings in shares of Century Communities by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock worth $184,104,000 after purchasing an additional 29,989 shares during the period. Jennison Associates LLC grew its holdings in shares of Century Communities by 17.3% during the 3rd quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock worth $74,424,000 after purchasing an additional 164,478 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Century Communities by 21.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after purchasing an additional 180,095 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Century Communities by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 434,550 shares of the construction company’s stock worth $39,605,000 after purchasing an additional 8,214 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

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.