Century Communities (NYSE:CCS) Rating Increased to Hold at StockNews.com

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

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

Century Communities Stock Performance

CCS stock opened at $90.80 on Wednesday. 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 business’s fifty day simple moving average is $94.58 and its two-hundred day simple moving average is $91.74. Century Communities has a twelve month low of $70.82 and a twelve month high of $108.42. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 9.05 and a beta of 1.87.

Century Communities (NYSE:CCS) last released its 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. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $2.58 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. Analysts predict that Century Communities will post 10.95 earnings per share for the current 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 given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend 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 dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the sale, the director now owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This trade represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Century Communities

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new stake in Century Communities in the third quarter worth about $51,000. Signaturefd LLC boosted its holdings in 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 in the last quarter. GAMMA Investing LLC boosted its holdings in 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 in the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities in the third quarter worth about $144,000. Finally, Innealta Capital LLC purchased a new position in shares of Century Communities in the second quarter worth about $162,000. Institutional investors own 99.54% of the company’s stock.

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.