Century Communities (NYSE:CCS) Shares Gap Up – Should You Buy?

Century Communities, Inc. (NYSE:CCS)’s share 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 changing hands.

Analyst Ratings Changes

CCS has been the topic of a number of recent research reports. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Century Communities in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.00.

Century Communities Price Performance

The company has a market capitalization of $1.78 billion, a P/E ratio of 8.86 and a beta of 1.53. The stock’s fifty day simple moving average is $61.28 and its 200-day simple moving average is $59.89. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The firm had revenue of $980.28 million for the quarter, compared to analyst estimates of $906.10 million. During the same quarter last year, the firm posted $2.77 EPS. The company’s revenue was down 13.8% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. Century Communities’s dividend payout ratio is 16.93%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Penserra Capital Management LLC boosted its position in shares of Century Communities by 34.9% during the 2nd 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 in the last quarter. American Century Companies Inc. boosted 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 last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Century Communities during the 2nd quarter worth approximately $582,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Century Communities during the first quarter valued at approximately $311,000. Finally, Jump Financial LLC raised 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 buying an additional 7,421 shares during the period. 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.