Empowered Funds LLC Acquires Shares of 59,827 Century Communities, Inc. $CCS

Key Points

• Empowered Funds LLC has invested approximately $4.01 million in Century Communities, acquiring 59,827 shares, which represents 0.20% of the company's stock.
• Century Communities reported $1.37 earnings per share for the latest quarter, exceeding estimates, though its revenue declined 1.7% year-over-year.
• The company declared a quarterly dividend of $0.29 per share, yielding 1.7%, with a dividend payout ratio of 14.16%.

Empowered Funds 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 Form 13F filing with the SEC. The firm purchased 59,827 shares of the construction company's stock, valued at approximately $4,014,000. Empowered Funds LLC owned 0.20% of Century Communities as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 valued at $26,000 after purchasing an additional 331 shares in the last quarter. US Bancorp DE raised its holdings in shares of Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Covestor Ltd raised its holdings in shares of Century Communities by 104.5% in the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock valued at $73,000 after purchasing an additional 555 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company's stock valued at $81,000 after purchasing an additional 1,135 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Century Communities in the 1st quarter valued at $91,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCS. Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Zacks Research lowered shares of Century Communities from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 28th. Finally, B. Riley assumed coverage on shares of Century Communities in a research note on Monday, June 30th. They issued a "buy" rating and a $70.00 price objective on the stock. 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.com, the stock has a consensus rating of "Hold" and a consensus price target of $85.00.

Century Communities Trading Up 1.1%

CCS stock traded up $0.72 on Thursday, hitting $68.09. 172,311 shares of the company were exchanged, compared to its average volume of 417,683. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $107.82. 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 business's fifty day moving average is $63.38 and its two-hundred day moving average is $60.71. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 8.31 and a beta of 1.46.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results 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 net margin of 6.03% and a return on equity of 10.99%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. During the same quarter in the prior year, the business posted $2.65 earnings per share. Century Communities's revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a $0.29 dividend. 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 dividend payout ratio is presently 14.16%.

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.