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.

CCS has been the topic of several other reports. Wedbush boosted their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. B. Riley reissued 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.

Century Communities Stock Performance

CCS opened at $90.36 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. Century Communities has a 1 year low of $71.46 and a 1 year high of $108.42. The firm has a fifty day moving average price of $94.00 and a 200 day moving average price of $91.82. The stock has a market cap of $2.83 billion, a P/E ratio of 9.01 and a beta of 1.87.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm posted $2.58 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that Century Communities will post 10.95 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.15%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Century Communities by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after acquiring an additional 13,861 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in Century Communities by 11.2% in the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after acquiring an additional 89,310 shares during the last quarter. Jennison Associates LLC boosted its stake in Century Communities by 9.9% in the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock valued at $56,063,000 after acquiring an additional 49,256 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Century Communities by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock worth $50,819,000 after purchasing an additional 16,397 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Century Communities by 11.6% during the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after purchasing an additional 51,021 shares in the last quarter. Institutional investors and hedge funds 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.