Century Communities (NYSE:CCS) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Century Communities (NYSE:CCS) from a hold rating to a sell rating in a research report report published on Tuesday morning.

Other equities analysts have also issued research reports about the company. B. Riley reiterated a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush boosted their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Stock Up 1.0 %

CCS stock opened at $87.28 on Tuesday. Century Communities has a 52 week low of $70.82 and a 52 week high of $108.42. The business has a 50-day simple moving average of $95.84 and a 200 day simple moving average of $91.52. 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 company has a market cap of $2.74 billion, a PE ratio of 8.70 and a beta of 1.87.

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

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

Insider Activity at Century Communities

In related news, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the transaction, the director now owns 45,127 shares in the company, valued at $4,515,858.89. This trade represents a 20.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Century Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. increased its holdings in Century Communities by 106.3% in the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock valued at $76,610,000 after purchasing an additional 409,068 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock valued at $37,302,000 after buying an additional 295,729 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Century Communities during the second quarter worth about $7,419,000. Marshall Wace LLP lifted its stake in shares of Century Communities by 84.9% in the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after acquiring an additional 66,029 shares during the period. Finally, Algert Global LLC boosted its holdings in Century Communities by 86.9% in the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock valued at $10,069,000 after acquiring an additional 57,341 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Company 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.