Jackson Creek Investment Advisors LLC Invests $1.29 Million in Century Communities, Inc. (NYSE:CCS)

Jackson Creek Investment Advisors LLC acquired a new stake in Century Communities, Inc. (NYSE:CCS) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 14,124 shares of the construction company’s stock, valued at approximately $1,287,000. Century Communities makes up 0.5% of Jackson Creek Investment Advisors LLC’s holdings, making the stock its 28th largest holding.

Several other large investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC increased its position in shares of Century Communities by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 9,457 shares of the construction company’s stock valued at $862,000 after buying an additional 128 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Century Communities by 6.8% in the 4th quarter. Russell Investments Group Ltd. now owns 71,436 shares of the construction company’s stock worth $6,511,000 after buying an additional 4,565 shares during the last quarter. Truist Financial Corp raised its holdings in Century Communities by 28.1% in the 4th quarter. Truist Financial Corp now owns 10,431 shares of the construction company’s stock worth $951,000 after purchasing an additional 2,285 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Century Communities during the fourth quarter valued at about $221,000. Finally, GAMMA Investing LLC bought a new stake in Century Communities during the fourth quarter valued at about $55,000. 99.54% of the stock is owned by institutional investors.

Century Communities Stock Down 1.5 %

Shares of CCS traded down $1.22 during midday trading on Tuesday, reaching $79.32. The stock had a trading volume of 492,822 shares, compared to its average volume of 321,007. The company’s fifty day simple moving average is $86.29 and its two-hundred day simple moving average is $81.39. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $97.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 8.95 and a beta of 1.71.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. The company had revenue of $948.54 million for the quarter, compared to analyst estimates of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. Equities research analysts expect that Century Communities, Inc. will post 10.36 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.26 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 1.31%. The ex-dividend date was Tuesday, February 27th. Century Communities’s payout ratio is currently 11.54%.

Wall Street Analysts Forecast Growth

CCS has been the subject of several recent analyst reports. B. Riley boosted their target price on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Wedbush reaffirmed an “underperform” rating and issued a $82.00 price target on shares of Century Communities in a report on Thursday, April 25th.

Century Communities Profile

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.