Century Communities, Inc. (NYSE:CCS) Stock Holdings Lifted by Bridge City Capital LLC

Bridge City Capital LLC boosted its position in Century Communities, Inc. (NYSE:CCS - Free Report) by 37.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 61,407 shares of the construction company's stock after purchasing an additional 16,617 shares during the quarter. Century Communities comprises about 1.2% of Bridge City Capital LLC's holdings, making the stock its 29th largest position. Bridge City Capital LLC owned 0.20% of Century Communities worth $4,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCS. Park Avenue Securities LLC boosted its position in shares of Century Communities by 23.1% in the first quarter. Park Avenue Securities LLC now owns 5,415 shares of the construction company's stock worth $363,000 after acquiring an additional 1,015 shares during the last quarter. GAMMA Investing LLC increased its stake in Century Communities by 10,656.4% during the first quarter. GAMMA Investing LLC now owns 105,951 shares of the construction company's stock worth $7,109,000 after acquiring an additional 104,966 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after purchasing an additional 331 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Century Communities in the 4th quarter worth about $2,487,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Century Communities by 29.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 48,575 shares of the construction company's stock valued at $3,563,000 after purchasing an additional 11,165 shares in the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Up 0.3%

Shares of CCS stock traded up $0.17 during trading hours on Thursday, reaching $54.74. The company had a trading volume of 270,815 shares, compared to its average volume of 376,733. The stock's fifty day simple moving average is $55.78 and its 200 day simple moving average is $68.47. The company has a market capitalization of $1.67 billion, a P/E ratio of 5.26 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The firm had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.22 EPS. As a group, sell-side analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, May 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.12%. Century Communities's dividend payout ratio is presently 12.01%.

Insider Transactions at Century Communities

In other news, Director Elisa Z. Ramirez purchased 1,500 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average cost of $53.86 per share, for a total transaction of $80,790.00. Following the completion of the purchase, the director now owns 8,481 shares of the company's stock, valued at approximately $456,786.66. This trade represents a 21.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have acquired 2,400 shares of company stock valued at $130,426. 11.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Wedbush dropped their target price on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $101.33.

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.