Wealth Enhancement Advisory Services LLC Takes $582,000 Position in Century Communities, Inc. $CCS

Key Points

• Wealth Enhancement Advisory Services LLC acquired a new stake in Century Communities, Inc. for approximately $582,000, adding 9,747 shares during the second quarter.
• Century Communities reported $1.37 earnings per share for the last quarter, surpassing estimates, despite a 1.7% year-over-year revenue decrease.
• The company announced a quarterly dividend of $0.29 per share, equating to an annualized dividend yield of 1.8%.

Wealth Enhancement Advisory Services LLC acquired a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,747 shares of the construction company's stock, valued at approximately $582,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Century Communities by 60.3% in the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock valued at $106,000 after buying an additional 594 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Century Communities in the first quarter valued at $423,000. Principal Financial Group Inc. boosted its holdings in Century Communities by 1.4% in the first quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock valued at $9,107,000 after purchasing an additional 1,870 shares during the period. SG Americas Securities LLC purchased a new position in Century Communities in the first quarter valued at $982,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Century Communities by 6.5% in 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 purchasing an additional 3,036 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Up 1.1%

Century Communities stock opened at $64.30 on Friday. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $104.21. 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 has a market capitalization of $1.91 billion, a P/E ratio of 7.85 and a beta of 1.55. The stock has a 50-day simple moving average of $64.18 and a 200-day simple moving average of $60.18.

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

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities's payout ratio is presently 14.16%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Century Communities in a report on Saturday, September 27th. B. Riley began coverage on Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 target price for the company. Zacks Research raised Century Communities from a "strong sell" rating to a "hold" rating in a report on Friday, September 26th. Finally, Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $85.00.

About Century Communities

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.

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