Century Communities (NYSE:CCS) Shares Gap Up – What’s Next?

Century Communities, Inc. (NYSE:CCS)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $56.68, but opened at $60.32. Century Communities shares last traded at $60.4590, with a volume of 11,242 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CCS shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Century Communities in a research report on Friday. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $85.00.

Century Communities Price Performance

The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 8.86 and a beta of 1.53. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average is $61.28 and its 200-day moving average is $59.89.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.66. The business had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.Century Communities’s quarterly revenue was down 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.77 EPS. Equities research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. Century Communities’s dividend payout ratio (DPR) is presently 16.93%.

Institutional Investors Weigh In On Century Communities

Several large investors have recently made changes to their positions in the company. Penserra Capital Management LLC boosted its holdings in Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock valued at $257,000 after acquiring an additional 1,180 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Century Communities by 9.6% in the 1st quarter. American Century Companies Inc. now owns 63,659 shares of the construction company’s stock valued at $4,272,000 after purchasing an additional 5,600 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Century Communities in the 2nd quarter valued at approximately $582,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Century Communities in the 1st quarter valued at approximately $311,000. Finally, Jump Financial LLC increased its stake in Century Communities by 109.7% during the 1st quarter. Jump Financial LLC now owns 14,188 shares of the construction company’s stock worth $952,000 after purchasing an additional 7,421 shares in the last quarter. Institutional investors 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.