Empowered Funds LLC Takes Position in 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 bought a new position in Century Communities, Inc. (NYSE:CCS - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 59,827 shares of the construction company's stock, valued at approximately $4,014,000. Empowered Funds LLC owned 0.20% of Century Communities at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caxton Associates LLP bought a new position in shares of Century Communities in the 1st quarter worth about $879,000. Jones Financial Companies Lllp increased its stake 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 worth $81,000 after acquiring an additional 1,135 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Century Communities in the 1st quarter worth about $628,000. Millennium Management LLC increased its stake in shares of Century Communities by 105.3% in the 1st quarter. Millennium Management LLC now owns 326,408 shares of the construction company's stock worth $21,902,000 after acquiring an additional 167,404 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Century Communities by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company's stock worth $1,102,000 after acquiring an additional 529 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Down 0.7%

NYSE:CCS traded down $0.44 on Monday, reaching $67.02. 323,718 shares of the stock traded hands, compared to its average volume of 268,871. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.18 and a beta of 1.46. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 12 month low of $50.42 and a 12 month high of $108.42. The company's fifty day simple moving average is $63.10 and its 200 day simple moving average is $60.62.

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

Century Communities Announces Dividend

The business also recently declared 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. This represents a $1.16 dividend on an annualized basis 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 Analyst Weigh In

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

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.