Century Communities (NYSE:CCS) Shares Gap Down to $82.14

Century Communities, Inc. (NYSE:CCS - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $82.14, but opened at $74.76. Century Communities shares last traded at $78.37, with a volume of 121,089 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CCS. B. Riley boosted their price objective on Century Communities from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, February 1st. Wedbush reissued an "underperform" rating and set a $82.00 price objective on shares of Century Communities in a report on Thursday.

Century Communities Price Performance

The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 9.74 and a beta of 1.71. The company has a 50-day moving average price of $86.54 and a 200-day moving average price of $80.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.67. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The business had revenue of $948.54 million during the quarter, compared to analyst estimates of $791.67 million. On average, equities research analysts expect that Century Communities, Inc. will post 10.06 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.33%. This is an increase from Century Communities's previous quarterly dividend of $0.23. Century Communities's dividend payout ratio is 12.92%.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently bought and sold shares of CCS. NBC Securities Inc. bought a new stake in shares of Century Communities during the 3rd quarter worth approximately $33,000. Daiwa Securities Group Inc. bought a new stake in shares of Century Communities during the 4th quarter worth approximately $36,000. GAMMA Investing LLC bought a new stake in shares of Century Communities during the 4th quarter worth approximately $55,000. Quantbot Technologies LP bought a new stake in Century Communities in the 3rd quarter valued at $59,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Century Communities in the 4th quarter valued at $107,000. Institutional investors and hedge funds own 99.54% of the company's stock.

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.