12,848 Shares in Century Communities, Inc. $CCS Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,848 shares of the construction company’s stock, valued at approximately $922,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Parallel Advisors LLC boosted its holdings in shares of Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Century Communities during the fourth quarter valued at $70,000. Meeder Asset Management Inc. acquired a new position in Century Communities during the first quarter valued at $81,000. Finally, Jones Financial Companies Lllp boosted its holdings in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Trading Up 1.0%

Shares of NYSE:CCS opened at $64.55 on Friday. The business’s 50 day moving average price is $68.22 and its 200-day moving average price is $62.40. Century Communities, Inc. has a 1 year low of $47.28 and a 1 year high of $76.00. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 14.16 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.63 by $0.67. The company had revenue of $927.23 million during the quarter, compared to analyst estimates of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The firm’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. On average, equities research analysts forecast that Century Communities, Inc. will post 4.86 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. Century Communities’s payout ratio is currently 28.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CCS shares. Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Finally, Zacks Research upgraded Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Century Communities presently has a consensus rating of “Hold” and an average target price of $67.00.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.