Bayforest Capital Ltd Invests $414,000 in Century Communities, Inc. $CCS

Key Points

• Bayforest Capital Ltd acquired 6,167 shares of Century Communities, Inc. valued at approximately $414,000, indicating growing institutional interest in the construction company.
• Century Communities reported $1.37 earnings per share for the last quarter, exceeding analysts' expectations of $1.16 despite a 1.7% revenue decline year-over-year.
• The company recently declared a quarterly dividend of $0.29 per share, representing an annualized yield of 1.7%, with a payout ratio of 14.16%.

Bayforest Capital Ltd acquired a new stake in shares of Century Communities, Inc. (NYSE:CCS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,167 shares of the construction company's stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after buying an additional 331 shares during the last quarter. US Bancorp DE boosted its position in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Covestor Ltd boosted its position in Century Communities by 104.5% in the first quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock worth $73,000 after purchasing an additional 555 shares during the last quarter. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 1,135 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in Century Communities in the first quarter worth $91,000. Institutional investors own 99.54% of the company's stock.

Century Communities Stock Down 0.8%

CCS stock traded down $0.57 on Monday, reaching $66.90. 110,964 shares of the company traded hands, compared to its average volume of 417,405. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $1.99 billion, a P/E ratio of 8.18 and a beta of 1.46. The firm has a fifty day simple moving average of $62.92 and a 200-day simple moving average of $60.64.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.21. The company had revenue of $1 billion during the quarter, compared to analysts' expectations of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.Century Communities's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.65 earnings per share. Research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. B. Riley assumed coverage on Century Communities in a research report on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective on the stock. Zacks Research cut Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $85.00.

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.