Daiwa Securities Group Inc. Makes New $144,000 Investment in Century Communities, Inc. (NYSE:CCS)

Daiwa Securities Group Inc. purchased a new stake in shares of Century Communities, Inc. (NYSE:CCS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,400 shares of the construction company’s stock, valued at approximately $144,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares during the period. Signaturefd LLC lifted its stake in shares of Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares in the last quarter. Innealta Capital LLC bought a new position in Century Communities in the 2nd quarter worth approximately $162,000. Cetera Advisors LLC purchased a new position in Century Communities in the 1st quarter valued at approximately $202,000. Finally, ZWJ Investment Counsel Inc. bought a new stake in Century Communities during the 3rd quarter valued at $217,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Trading Down 0.5 %

Shares of CCS stock opened at $90.36 on Monday. Century Communities, Inc. has a 52-week low of $71.46 and a 52-week high of $108.42. The business’s fifty day moving average is $94.00 and its 200 day moving average is $91.83. 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 company has a market capitalization of $2.83 billion, a PE ratio of 9.01 and a beta of 1.87.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 EPS. On average, equities research analysts anticipate that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The business 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 $0.26 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. Century Communities’s dividend payout ratio is presently 10.37%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCS. 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 upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Wedbush boosted their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

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.