Century Communities (NYSE:CCS) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Century Communities (NYSE:CCS) from a sell rating to a hold rating in a report released on Wednesday morning.

Several other research analysts have also recently weighed in on CCS. Wedbush lifted their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. B. Riley reiterated a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.

Century Communities Trading Down 0.1 %

Shares of NYSE:CCS opened at $90.80 on Wednesday. The business has a 50-day moving average price of $94.58 and a 200-day moving average price of $91.74. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 9.05 and a beta of 1.87. Century Communities has a 52-week low of $70.82 and a 52-week high of $108.42.

Century Communities (NYSE:CCS) last announced 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. The company had revenue of $1.10 billion during 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%. Century Communities’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the business earned $2.58 earnings per share. Equities analysts predict that Century Communities will post 10.95 EPS for the current year.

Century Communities Dividend Announcement

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

Insider Activity

In other news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. The trade was a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 11.70% of the company’s stock.

Institutional Trading of Century Communities

A number of institutional investors have recently made changes to their positions in CCS. Point72 Hong Kong Ltd acquired a new stake in shares of Century Communities in the third quarter worth approximately $51,000. Signaturefd LLC boosted its stake 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 acquiring an additional 115 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 acquiring an additional 287 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Century Communities in the third quarter worth approximately $144,000. Finally, Innealta Capital LLC acquired a new stake in shares of Century Communities in the second quarter worth approximately $162,000. 99.54% of the stock is owned by institutional investors and hedge funds.

About Century Communities

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.