Basswood Capital Management L.L.C. Grows Holdings in Century Communities, Inc. (NYSE:CCS)

Basswood Capital Management L.L.C. boosted its position in shares of Century Communities, Inc. (NYSE:CCS) by 11.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 435,966 shares of the construction company’s stock after acquiring an additional 46,104 shares during the period. Century Communities accounts for about 2.3% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 12th largest position. Basswood Capital Management L.L.C. owned about 1.39% of Century Communities worth $44,896,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted its stake in shares of Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after acquiring an additional 115 shares during the period. Arizona State Retirement System boosted its stake in Century Communities by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after purchasing an additional 147 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Century Communities by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock valued at $231,000 after buying an additional 172 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Century Communities by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock valued at $796,000 after buying an additional 186 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Century Communities by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company’s stock worth $1,160,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Ratings Changes

CCS has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com raised Century Communities from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Wedbush increased their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Price Performance

CCS stock opened at $90.36 on Monday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 9.01 and a beta of 1.87. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $94.00 and a two-hundred day simple moving average of $91.83. Century Communities, Inc. has a 52 week low of $71.46 and a 52 week high of $108.42.

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

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Century Communities’s payout ratio is presently 10.37%.

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.