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

StockNews.com cut shares of Century Communities (NYSE:CCS) from a hold rating to a sell rating in a report released on Tuesday.

A number of other brokerages have also weighed in on CCS. Wedbush upped their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. B. Riley restated a “buy” rating and issued a $119.00 price target (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Century Communities Stock Up 1.0 %

NYSE:CCS opened at $87.28 on Tuesday. Century Communities has a 1 year low of $70.82 and a 1 year high of $108.42. The stock has a 50-day moving average price of $95.84 and a two-hundred day moving average price of $91.52. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 8.70 and a beta of 1.87. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the business earned $2.58 EPS. Century Communities’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, equities analysts expect that Century Communities will post 10.95 earnings per share for the current year.

Century Communities Announces Dividend

The firm 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 dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.19%. 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 company’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 in the company, valued at approximately $4,515,858.89. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Century Communities during the third quarter worth $340,000. Barclays PLC grew its position in shares of Century Communities by 8.5% in the 3rd quarter. Barclays PLC now owns 76,114 shares of the construction company’s stock valued at $7,837,000 after acquiring an additional 5,981 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Century Communities during the 3rd quarter worth about $1,061,000. MML Investors Services LLC raised its holdings in shares of Century Communities by 6.6% in the 3rd quarter. MML Investors Services LLC now owns 15,512 shares of the construction company’s stock valued at $1,597,000 after purchasing an additional 965 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Century Communities in the 3rd quarter valued at about $855,000. 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.