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

Basswood Capital Management L.L.C. raised its stake in Century Communities, Inc. (NYSE:CCS) by 11.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 435,966 shares of the construction company’s stock after buying an additional 46,104 shares during the quarter. Century Communities accounts for 2.3% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 12th biggest holding. Basswood Capital Management L.L.C.’s holdings in Century Communities were worth $44,896,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CCS. Point72 Hong Kong Ltd bought a new stake in shares of Century Communities in the 3rd quarter valued at about $51,000. Signaturefd LLC grew its holdings in 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 purchasing an additional 115 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after purchasing an additional 287 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Century Communities during the 3rd quarter valued at $144,000. Finally, Innealta Capital LLC acquired a new stake in shares of Century Communities in the 2nd quarter worth $162,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Performance

Shares of CCS opened at $90.36 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50-day moving average of $94.00 and a two-hundred day moving average of $91.83. The stock has a market cap of $2.83 billion, a P/E ratio of 9.01 and a beta of 1.87. Century Communities, Inc. has a one year low of $71.46 and a one year high of $108.42.

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

Century Communities Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is currently 10.37%.

Analyst Upgrades and Downgrades

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

Century Communities 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.