Dynamic Technology Lab Private Ltd Acquires New Position in Century Communities, Inc. $CCS

Dynamic Technology Lab Private Ltd acquired a new position in shares of Century Communities, Inc. (NYSE:CCS) in the first quarter, Holdings Channel reports. The institutional investor acquired 9,360 shares of the construction company’s stock, valued at approximately $628,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sigma Planning Corp increased its position in shares of Century Communities by 4.2% during the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock worth $330,000 after purchasing an additional 200 shares during the last quarter. US Bancorp DE increased its position in shares of Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Benjamin Edwards Inc. increased its position in shares of Century Communities by 4.7% during the 1st quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock worth $394,000 after purchasing an additional 266 shares during the last quarter. Boston Partners increased its position in shares of Century Communities by 3.5% during the 1st quarter. Boston Partners now owns 9,171 shares of the construction company’s stock worth $615,000 after purchasing an additional 314 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock worth $26,000 after purchasing an additional 331 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. B. Riley assumed coverage on shares of Century Communities in a research report on Monday, June 30th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Zacks Research cut shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Century Communities currently has a consensus rating of “Hold” and a consensus price target of $85.00.

Century Communities Stock Down 2.6%

Shares of CCS opened at $67.97 on Wednesday. The stock has a market capitalization of $2.02 billion, a PE ratio of 8.30 and a beta of 1.46. Century Communities, Inc. has a 1 year low of $50.42 and a 1 year high of $108.42. 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’s 50-day simple moving average is $62.45 and its 200-day simple moving average is $60.79.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates 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 company posted $2.65 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. Century Communities’s payout ratio is currently 14.16%.

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.