Century Communities, Inc. (NYSE:CCS) Stock Holdings Increased by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. boosted its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 11.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 435,966 shares of the construction company's stock after acquiring an additional 46,104 shares during the period. Century Communities comprises 2.3% of Basswood Capital Management L.L.C.'s portfolio, making the stock its 12th largest holding. Basswood Capital Management L.L.C. owned approximately 1.39% of Century Communities worth $44,896,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CCS. Price T Rowe Associates Inc. MD grew its holdings in Century Communities by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,474 shares of the construction company's stock valued at $2,073,000 after purchasing an additional 1,034 shares during the period. Cetera Advisors LLC purchased a new position in Century Communities in the 1st quarter valued at about $202,000. Harbor Capital Advisors Inc. lifted its stake in shares of Century Communities by 4.9% in the second quarter. Harbor Capital Advisors Inc. now owns 8,960 shares of the construction company's stock worth $732,000 after acquiring an additional 415 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in Century Communities during the 2nd quarter worth approximately $300,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Century Communities by 673.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company's stock valued at $5,430,000 after buying an additional 57,904 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. B. Riley reiterated a "buy" rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com raised shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Wedbush raised their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th.

Century Communities Stock Performance

Shares of CCS stock traded up $0.96 during trading hours on Monday, reaching $91.32. The stock had a trading volume of 82,400 shares, compared to its average volume of 300,874. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a 50-day simple moving average of $94.00 and a 200-day simple moving average of $91.83. The firm has a market capitalization of $2.86 billion, a PE ratio of 9.01 and a beta of 1.87. Century Communities, Inc. has a twelve month low of $74.25 and a twelve month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data 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. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm posted $2.58 earnings per share. The business's revenue was up 23.7% on a year-over-year basis. As a group, equities analysts forecast that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities's payout ratio is currently 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.