PAX Financial Group LLC Makes New Investment in Century Communities, Inc. (NYSE:CCS)

PAX Financial Group LLC purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,182 shares of the construction company’s stock, valued at approximately $693,000.

Several other institutional investors have also recently made changes to their positions in CCS. Louisiana State Employees Retirement System acquired a new position in shares of Century Communities during the 4th quarter worth approximately $1,285,000. Assenagon Asset Management S.A. acquired a new position in shares of Century Communities during the 4th quarter worth approximately $1,051,000. First Eagle Investment Management LLC increased its holdings in shares of Century Communities by 46.0% during the 1st quarter. First Eagle Investment Management LLC now owns 93,678 shares of the construction company’s stock worth $9,040,000 after acquiring an additional 29,500 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Century Communities by 48.6% during the 1st quarter. BNP Paribas Financial Markets now owns 22,653 shares of the construction company’s stock worth $2,186,000 after acquiring an additional 7,407 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of Century Communities during the 4th quarter worth approximately $1,287,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CCS shares. Wedbush raised Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 target price on the stock in a report on Friday, May 31st. B. Riley restated a “buy” rating and issued a $110.00 price target on shares of Century Communities in a research note on Tuesday, July 16th.

Century Communities Stock Performance

CCS traded up $1.12 during trading on Tuesday, hitting $99.35. The stock had a trading volume of 226,264 shares, compared to its average volume of 309,536. The company has a 50 day moving average price of $84.16 and a 200-day moving average price of $85.60. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 11.03 and a beta of 1.86. Century Communities, Inc. has a one year low of $58.01 and a one year high of $101.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20.

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

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.05%. Century Communities’s payout ratio is 11.54%.

Century Communities Company 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.