134,774 Shares in Century Communities, Inc. $CCS Purchased by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has made a new investment in Century Communities, purchasing approximately 134,774 shares valued at $9.04 million, representing a 0.44% ownership stake in the company.
• Century Communities reported quarterly earnings with an EPS of $1.37, surpassing estimates, while also experiencing a 1.7% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.29, yielding 1.8%, with a payout ratio of 14.16% and payment scheduled for September 10th, 2023.

Bridgeway Capital Management LLC purchased a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 134,774 shares of the construction company's stock, valued at approximately $9,043,000. Bridgeway Capital Management LLC owned about 0.44% of Century Communities at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Century Communities by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company's stock valued at $133,749,000 after purchasing an additional 21,619 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Century Communities by 32.5% during the first quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company's stock worth $104,592,000 after purchasing an additional 382,408 shares in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of Century Communities by 32.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company's stock worth $71,102,000 after purchasing an additional 258,245 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Century Communities by 8.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 570,335 shares of the construction company's stock worth $38,269,000 after purchasing an additional 42,809 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Century Communities by 16.6% during the fourth quarter. Northern Trust Corp now owns 343,446 shares of the construction company's stock worth $25,195,000 after purchasing an additional 48,790 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. B. Riley started coverage on Century Communities in a research note on Monday, June 30th. They set 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 note on Thursday, August 28th. Finally, Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Century Communities currently has an average rating of "Hold" and a consensus price target of $85.00.

Century Communities Price Performance

Shares of NYSE:CCS traded up $0.11 during trading hours on Monday, hitting $69.77. 283,223 shares of the company's stock traded hands, compared to its average volume of 423,591. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The company's fifty day simple moving average is $62.01 and its two-hundred day simple moving average is $60.75. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 8.52 and a beta of 1.46.

Century Communities (NYSE:CCS - Get Free Report) last announced 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 the consensus estimate of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.65 EPS. As a group, equities analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. Century Communities's dividend payout ratio (DPR) is currently 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.