Belpointe Asset Management LLC Acquires 984 Shares of Century Communities, Inc. $CCS

Belpointe Asset Management LLC grew its holdings in Century Communities, Inc. (NYSE:CCS) by 13.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,038 shares of the construction company’s stock after acquiring an additional 984 shares during the quarter. Belpointe Asset Management LLC’s holdings in Century Communities were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Intech Investment Management LLC raised its stake in shares of Century Communities by 16.7% in the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after purchasing an additional 3,026 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Century Communities in the first quarter valued at $414,000. Empowered Funds LLC acquired a new position in shares of Century Communities in the first quarter valued at $4,014,000. Caxton Associates LLP acquired a new position in shares of Century Communities in the first quarter valued at $879,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCS has been the subject of a number of recent research reports. B. Riley initiated coverage on Century Communities in a research note on Monday, June 30th. They issued a “buy” rating and a $70.00 target price for the company. Zacks Research lowered Century Communities from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 28th. Finally, Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Century Communities presently has a consensus rating of “Hold” and a consensus price target of $85.00.

Century Communities Stock Down 2.5%

CCS opened at $67.55 on Friday. The firm’s 50-day simple moving average is $62.92 and its 200-day simple moving average is $60.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. Century Communities, Inc. has a twelve month low of $50.42 and a twelve month high of $108.42. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 8.25 and a beta of 1.46.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. During the same quarter in the prior year, the firm earned $2.65 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were paid a $0.29 dividend. The ex-dividend date was Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. Century Communities’s dividend payout ratio (DPR) is 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.