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 report issued on Tuesday.

A number of other equities analysts also recently commented on 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 price target on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th.

Century Communities Price Performance

CCS opened at $85.80 on Tuesday. Century Communities has a 1 year low of $70.82 and a 1 year high of $108.42. The company’s 50 day simple moving average is $96.20 and its 200 day simple moving average is $91.54. The stock has a market capitalization of $2.69 billion, a PE ratio of 8.55 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.

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 analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the business earned $2.58 EPS. As a group, sell-side analysts expect that Century Communities will post 10.88 EPS for the current year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 27th. Century Communities’s dividend payout ratio is presently 10.37%.

Insider Transactions at Century Communities

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 shares were 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 in the company, valued at $4,515,858.89. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 11.70% of the company’s stock.

Institutional Investors Weigh In On Century Communities

A number of large investors have recently added to or reduced their stakes in CCS. Signaturefd LLC boosted its position in Century Communities by 11.2% in the 2nd 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. Covestor Ltd boosted its holdings in Century Communities by 95.0% in 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. Arizona State Retirement System grew its stake in Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock valued at $654,000 after purchasing an additional 147 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Century Communities by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock worth $231,000 after purchasing an additional 172 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in Century Communities by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after purchasing an additional 186 shares during the last quarter. 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.