Benjamin Edwards Inc. Buys 866 Shares of Century Communities, Inc. (NYSE:CCS)

Benjamin Edwards Inc. lifted its position in Century Communities, Inc. (NYSE:CCS) by 20.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,047 shares of the construction company’s stock after acquiring an additional 866 shares during the quarter. Benjamin Edwards Inc.’s holdings in Century Communities were worth $520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its position in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Century Communities by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after buying an additional 147 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Century Communities by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock valued at $231,000 after buying an additional 172 shares during the period. SummerHaven Investment Management LLC increased its holdings in Century Communities by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after buying an additional 186 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Century Communities by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company’s stock worth $1,160,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wedbush raised their price target on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday. Finally, B. Riley restated a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Century Communities Stock Performance

NYSE CCS opened at $86.55 on Monday. The company’s 50 day moving average is $92.67 and its 200-day moving average is $91.87. The firm has a market cap of $2.71 billion, a P/E ratio of 8.63 and a beta of 1.87. Century Communities, Inc. has a 12-month low of $74.76 and a 12-month high of $108.42. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.58 earnings per share. Sell-side analysts predict that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities’s payout ratio is presently 10.37%.

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.