9,360 Shares in Century Communities, Inc. $CCS Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd purchased 9,360 shares of Century Communities, Inc. valued at approximately $628,000 in the 1st quarter of the year.
• Century Communities recently reported earnings of $1.37 EPS, surpassing analyst expectations of $1.16, although revenue decreased by 1.7% year-over-year.
• The company announced a quarterly dividend of $0.29 per share, representing a yield of 1.7% and a payout ratio of 14.16%.

Dynamic Technology Lab Private Ltd bought a new position in Century Communities, Inc. (NYSE:CCS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 9,360 shares of the construction company's stock, valued at approximately $628,000.

A number of other large investors also recently modified their holdings of CCS. GAMMA Investing LLC lifted its stake in Century Communities by 60.3% during the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock valued at $106,000 after acquiring an additional 594 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Century Communities during the 1st quarter valued at $423,000. Principal Financial Group Inc. lifted its stake in Century Communities by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock valued at $9,107,000 after acquiring an additional 1,870 shares in the last quarter. SG Americas Securities LLC bought a new position in Century Communities during the 1st quarter valued at $982,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Century Communities by 6.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company's stock valued at $3,364,000 after acquiring an additional 3,036 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Century Communities Price Performance

Shares of NYSE CCS traded down $0.78 during midday trading on Monday, hitting $66.69. 71,112 shares of the company's stock were exchanged, compared to its average volume of 417,135. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $108.42. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 8.14 and a beta of 1.46. The business's fifty day moving average price is $62.92 and its two-hundred day moving average price is $60.64.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. During the same quarter in the previous year, the firm earned $2.65 earnings per share. Century Communities's revenue was down 1.7% on a year-over-year basis. As a group, research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

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

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.