Truvestments Capital LLC Makes New Investment in Century Communities, Inc. (NYSE:CCS)

Truvestments Capital LLC purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,761 shares of the construction company’s stock, valued at approximately $459,000.

Several other hedge funds also recently bought and sold shares of the stock. Westwood Holdings Group Inc. grew its position in shares of Century Communities by 106.3% in the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock valued at $76,610,000 after purchasing an additional 409,068 shares during the period. Norges Bank purchased a new stake in shares of Century Communities in the fourth quarter valued at $11,727,000. First Trust Advisors LP grew its position in shares of Century Communities by 27.8% in the fourth quarter. First Trust Advisors LP now owns 339,697 shares of the construction company’s stock valued at $30,960,000 after purchasing an additional 73,991 shares during the period. Vanguard Group Inc. grew its position in shares of Century Communities by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock valued at $184,104,000 after purchasing an additional 29,989 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of Century Communities by 46.0% in the first quarter. First Eagle Investment Management LLC now owns 93,678 shares of the construction company’s stock valued at $9,040,000 after purchasing an additional 29,500 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCS. B. Riley lifted their price objective on Century Communities from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Thursday. Wedbush boosted their price target on Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday.

Century Communities Stock Up 1.7 %

Shares of CCS traded up $1.71 during midday trading on Friday, reaching $101.51. 428,727 shares of the company were exchanged, compared to its average volume of 372,297. The company has a current ratio of 0.90, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $105.17. The stock has a 50-day moving average price of $85.06 and a 200-day moving average price of $85.97. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 11.27 and a beta of 1.86.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.46 by $0.19. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $1.60 earnings per share. The company’s revenue was up 24.3% compared to the same quarter last year. Research analysts expect that Century Communities, Inc. will post 10.36 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.02%. The ex-dividend date was Wednesday, May 29th. Century Communities’s payout ratio is currently 11.54%.

About Century Communities

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.