Royce & Associates LP Increases Position in Century Communities, Inc. (NYSE:CCS)

Key Points

• Royce & Associates LP increased its holdings in Century Communities, Inc. by 40.1% during the first quarter, now owning 92,149 shares worth approximately $6.18 million.
• Analysts have mixed ratings for the stock, with price targets ranging from $70.00 to $88.00, and an average hold rating overall.
• Century Communities recently reported earnings of $1.37 per share, surpassing expectations and indicating revenue of $1 billion for the quarter.

Royce & Associates LP increased its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 40.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,149 shares of the construction company's stock after purchasing an additional 26,370 shares during the quarter. Royce & Associates LP owned approximately 0.30% of Century Communities worth $6,183,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Century Communities by 60.3% in the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock worth $106,000 after purchasing an additional 594 shares during the period. Janney Montgomery Scott LLC bought a new stake in Century Communities during the first quarter valued at about $423,000. Principal Financial Group Inc. raised its holdings in Century Communities by 1.4% during the first 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 during the period. SG Americas Securities LLC bought a new stake in Century Communities during the first quarter valued at about $982,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Century Communities by 6.5% during the first 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 during the period. 99.54% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Elisa Z. Ramirez purchased 500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the transaction, the director owned 8,981 shares in the company, valued at approximately $491,081.08. The trade was a 5.90% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 11.90% of the company's stock.

Wall Street Analysts Forecast Growth

CCS has been the topic of a number of recent analyst reports. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a report on Saturday. B. Riley initiated coverage on Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Finally, Wedbush decreased their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.00.

Century Communities Price Performance

Shares of Century Communities stock traded down $0.37 during trading on Monday, reaching $59.26. 487,346 shares of the stock traded hands, compared to its average volume of 446,079. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 7.24 and a beta of 1.44. The business has a fifty day simple moving average of $56.22 and a two-hundred day simple moving average of $63.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last released 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. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%. The firm's revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $2.65 earnings per share. Sell-side analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were given a $0.29 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 1.96%. Century Communities's dividend payout ratio is currently 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.