Wealth Enhancement Advisory Services LLC Takes $582,000 Position in Century Communities, Inc. $CCS

Wealth Enhancement Advisory Services LLC acquired a new stake in Century Communities, Inc. (NYSE:CCS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,747 shares of the construction company’s stock, valued at approximately $582,000.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Century Communities by 60.3% in the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company’s stock valued at $106,000 after buying an additional 594 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Century Communities in the first quarter valued at $423,000. Principal Financial Group Inc. boosted its holdings in Century Communities by 1.4% in the first quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company’s stock valued at $9,107,000 after purchasing an additional 1,870 shares during the period. SG Americas Securities LLC purchased a new position in Century Communities in the first quarter valued at $982,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Century Communities by 6.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company’s stock valued at $3,364,000 after purchasing an additional 3,036 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Up 1.1%

Century Communities stock opened at $64.30 on Friday. Century Communities, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $104.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market capitalization of $1.91 billion, a P/E ratio of 7.85 and a beta of 1.55. The stock has a 50-day simple moving average of $64.18 and a 200-day simple moving average of $60.18.

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, beating the consensus estimate of $1.16 by $0.21. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. During the same period in the previous year, the business earned $2.65 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities’s payout ratio is presently 14.16%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Saturday, September 27th. B. Riley began coverage on Century Communities in a report on Monday, June 30th. They issued a “buy” rating and a $70.00 target price for the company. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.00.

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.