Century Communities (NYSE:CCS) Trading 4.6% Higher - Time to Buy?

Century Communities, Inc. (NYSE:CCS - Get Free Report) shares shot up 4.6% during trading on Friday . The company traded as high as $66.87 and last traded at $65.83. 184,768 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 471,808 shares. The stock had previously closed at $62.93.

Wall Street Analyst Weigh In

CCS has been the topic of a number of analyst reports. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. Wedbush reissued a "neutral" rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $97.00 in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $103.00.

Century Communities Stock Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm's 50-day moving average price is $70.40 and its 200-day moving average price is $80.85. The stock has a market cap of $1.88 billion, a P/E ratio of 5.89 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Sell-side analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.29 dividend. This is a boost from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's dividend payout ratio (DPR) is currently 11.15%.

Hedge Funds Weigh In On Century Communities

Several hedge funds have recently made changes to their positions in CCS. FMR LLC lifted its stake in shares of Century Communities by 162.5% in the 3rd quarter. FMR LLC now owns 4,886 shares of the construction company's stock valued at $503,000 after purchasing an additional 3,025 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Century Communities by 1.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,683 shares of the construction company's stock valued at $7,794,000 after purchasing an additional 960 shares in the last quarter. HighTower Advisors LLC acquired a new position in Century Communities during the third quarter worth about $543,000. Stifel Financial Corp grew its position in shares of Century Communities by 21.8% in the third quarter. Stifel Financial Corp now owns 14,991 shares of the construction company's stock valued at $1,544,000 after purchasing an additional 2,682 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Century Communities in the 3rd quarter worth $530,000. 99.54% of the stock is owned by institutional investors and hedge funds.

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.