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

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

Other equities analysts also recently issued reports about the company. B. Riley restated a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Wedbush lifted their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Century Communities Price Performance

NYSE:CCS traded up $0.82 during mid-day trading on Thursday, hitting $90.32. 280,176 shares of the company’s stock traded hands, compared to its average volume of 300,018. Century Communities has a 1 year low of $67.49 and a 1 year high of $108.42. The company has a market cap of $2.83 billion, a PE ratio of 8.92 and a beta of 1.87. 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 firm’s 50 day simple moving average is $97.59 and its 200 day simple moving average is $91.06.

Century Communities (NYSE:CCS) last posted 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 for 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%. Century Communities’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. Sell-side analysts expect that Century Communities will post 10.88 EPS for the current year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Wednesday, August 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Wednesday, August 28th. Century Communities’s payout ratio is 10.37%.

Insiders Place Their Bets

In other news, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Century Communities news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction 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 of the company’s stock, valued at $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently bought and sold shares of CCS. Covestor Ltd grew its holdings in shares of Century Communities by 95.0% during the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after purchasing an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Century Communities in the first quarter worth $57,000. Signaturefd LLC lifted its stake in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Century Communities by 37.6% during the third 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. Finally, Innealta Capital LLC bought a new position in shares of Century Communities during the second quarter worth about $162,000. Institutional investors own 99.54% of the company’s stock.

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.