Stifel Financial Corp Buys 2,682 Shares of Century Communities, Inc. (NYSE:CCS)

Stifel Financial Corp lifted its stake in Century Communities, Inc. (NYSE:CCS) by 21.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,991 shares of the construction company’s stock after acquiring an additional 2,682 shares during the quarter. Stifel Financial Corp’s holdings in Century Communities were worth $1,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in Century Communities in the 3rd quarter worth approximately $51,000. Signaturefd LLC boosted its stake in shares of Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Century Communities during the third quarter valued at $144,000. Finally, Innealta Capital LLC bought a new position in Century Communities in the second quarter valued at about $162,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of CCS opened at $75.75 on Friday. The business has a 50-day simple moving average of $89.17 and a two-hundred day simple moving average of $91.71. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. Century Communities, Inc. has a 52 week low of $73.60 and a 52 week high of $108.42. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 7.55 and a beta of 1.87.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 EPS. On average, analysts expect that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is 10.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $97.00 in a report on Friday, December 13th. Finally, Wedbush increased their price target on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th.

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.