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

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

CCS has been the subject of a number of other reports. B. Riley reaffirmed a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Wedbush lifted their price objective 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 stock opened at $88.69 on Tuesday. 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 company has a market capitalization of $2.78 billion, a P/E ratio of 8.70 and a beta of 1.87. The business has a 50 day simple moving average of $95.60 and a 200-day simple moving average of $91.49. Century Communities has a twelve month low of $70.82 and a twelve month high of $108.42.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping 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 company 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 EPS. Century Communities’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Century Communities will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio is presently 10.37%.

Insider Transactions at Century Communities

In related news, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Century Communities

A number of hedge funds and other institutional investors have recently modified their holdings of CCS. Signaturefd LLC raised its holdings in Century Communities by 11.2% during the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares during the last quarter. Covestor Ltd raised its stake in shares of Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after buying an additional 133 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Century Communities by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after buying an additional 147 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Century Communities by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock valued at $231,000 after acquiring 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 valued at $796,000 after acquiring an additional 186 shares in the last quarter. 99.54% of the stock is currently 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.