Century Communities (NYSE:CCS) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Century Communities (NYSE:CCSFree Report) from a sell rating to a hold rating in a research note released on Wednesday morning.

Several other equities analysts also recently commented on CCS. B. Riley reissued a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush upped their price target on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

Check Out Our Latest Stock Report on CCS

Century Communities Trading Down 0.4 %

Shares of NYSE CCS opened at $90.42 on Wednesday. The business has a 50 day simple moving average of $94.00 and a 200 day simple moving average of $91.78. Century Communities has a 52 week low of $71.46 and a 52 week high of $108.42. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 9.01 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:CCSGet Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.58 earnings per share. On average, research analysts predict that Century Communities will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCS. Vanguard Group Inc. boosted its holdings in Century Communities by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock valued at $196,269,000 after acquiring an additional 13,861 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Century Communities by 10.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,636 shares of the construction company’s stock valued at $2,760,000 after purchasing an additional 2,627 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Century Communities by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,474 shares of the construction company’s stock valued at $2,073,000 after buying an additional 1,034 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Century Communities by 50.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 39,150 shares of the construction company’s stock worth $3,778,000 after buying an additional 13,091 shares during the period. Finally, Cetera Advisors LLC acquired a new position in shares of Century Communities during the first quarter worth approximately $202,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

About Century Communities

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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.

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