MML Investors Services LLC Buys 965 Shares of Century Communities, Inc. (NYSE:CCS)

MML Investors Services LLC increased its stake in Century Communities, Inc. (NYSE:CCS) by 6.6% during the third quarter, Holdings Channel reports. The firm owned 15,512 shares of the construction company’s stock after acquiring an additional 965 shares during the period. MML Investors Services LLC’s holdings in Century Communities were worth $1,597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CCS. Point72 Hong Kong Ltd bought a new position in shares of Century Communities in the third quarter worth $51,000. Signaturefd LLC increased its position in shares of 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 period. GAMMA Investing LLC increased its position in shares of Century Communities by 37.6% in 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 during the period. Daiwa Securities Group Inc. bought a new position in shares of Century Communities in the third quarter worth $144,000. Finally, Innealta Capital LLC bought a new position in shares of Century Communities in the second quarter worth $162,000. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

NYSE:CCS opened at $81.27 on Wednesday. The stock has a market cap of $2.55 billion, a P/E ratio of 8.10 and a beta of 1.87. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average is $90.43 and its 200-day moving average is $91.93. Century Communities, Inc. has a 1-year low of $74.76 and a 1-year high of $108.42.

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, topping the consensus estimate of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 earnings per share. Equities research analysts anticipate 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 was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is currently 10.37%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCS. B. Riley reiterated a “buy” rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush lifted their target price on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $97.00 in a research report on Friday, December 13th.

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.