Century Communities (NYSE:CCS) Lowered to Sell Rating by StockNews.com

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

Other analysts have also recently issued research reports about the stock. 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 boosted their price target 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.

Century Communities Trading Up 0.9 %

CCS stock traded up $0.82 during trading on Thursday, reaching $90.32. 280,176 shares of the stock were exchanged, compared to its average volume of 300,018. The business has a 50 day moving average price of $97.59 and a 200-day moving average price of $91.06. Century Communities has a 1 year low of $67.49 and a 1 year high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 8.92 and a beta of 1.87.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. On average, research analysts predict that Century Communities will post 10.88 earnings per share for the current year.

Century Communities Announces Dividend

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

Insider Activity

In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Robert J. Francescon sold 50,000 shares of the firm’s 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 transaction, the chief executive officer now owns 477,931 shares in the company, valued at $44,275,527.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.70% of the company’s stock.

Hedge Funds Weigh In On Century Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in CCS. Westwood Holdings Group Inc. increased its holdings in shares of Century Communities by 106.3% in the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock valued at $76,610,000 after purchasing an additional 409,068 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock valued at $37,302,000 after acquiring an additional 295,729 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Century Communities during the second quarter worth about $7,419,000. Marshall Wace LLP raised its holdings in Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after purchasing an additional 66,029 shares in the last quarter. Finally, Algert Global LLC lifted its position in Century Communities by 86.9% in the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock valued at $10,069,000 after purchasing an additional 57,341 shares during the period. Hedge funds and other 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.