Stifel Financial Corp Increases Stake in Century Communities, Inc. (NYSE:CCS)

Stifel Financial Corp raised its holdings in Century Communities, Inc. (NYSE:CCS) by 21.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,991 shares of the construction company’s stock after buying an additional 2,682 shares during the period. Stifel Financial Corp’s holdings in Century Communities were worth $1,544,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in shares of Century Communities in the 3rd quarter valued at $813,000. Point72 DIFC Ltd acquired a new stake in Century Communities in the third quarter valued at approximately $495,000. HighTower Advisors LLC acquired a new stake in shares of Century Communities in the 3rd quarter worth $543,000. Centiva Capital LP purchased a new stake in Century Communities in the third quarter valued at about $663,000. Finally, Benjamin Edwards Inc. boosted its stake in Century Communities by 20.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 5,047 shares of the construction company’s stock worth $520,000 after purchasing an additional 866 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCS. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the company from $110.00 to $97.00 in a research report on Friday, December 13th. B. Riley restated a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush increased their price target on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th.

Century Communities Price Performance

NYSE:CCS opened at $75.75 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50 day moving average price of $89.17 and a 200-day moving average price of $91.71. Century Communities, Inc. has a 1-year low of $73.60 and a 1-year high of $108.42. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 7.55 and a beta of 1.87.

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

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were issued a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%. Century Communities’s payout ratio is 10.37%.

Century Communities 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.