Century Communities (NYSE:CCS) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Century Communities (NYSE:CCS) from an underweight rating to a neutral rating in a report issued on Friday morning, MarketBeat Ratings reports. The brokerage currently has $97.00 price target on the construction company’s stock, down from their previous price target of $110.00.

Other research analysts also recently issued reports about the company. B. Riley reissued a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, 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 note on Thursday, October 24th.

Century Communities Stock Performance

Shares of CCS stock opened at $82.74 on Friday. 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 one year low of $74.76 and a one year high of $108.42. The business’s 50 day simple moving average is $91.07 and its 200 day simple moving average is $91.88. The stock has a market capitalization of $2.59 billion, a PE ratio of 8.25 and a beta of 1.87.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The business 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%. Century Communities’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 earnings per share. As a group, research analysts forecast that Century Communities will post 10.95 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.26%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Hedge Funds Weigh In On Century Communities

Institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in Century Communities during the 3rd quarter valued at $51,000. Signaturefd LLC lifted its position in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after acquiring an additional 115 shares in the last quarter. GAMMA Investing LLC lifted its position in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Century Communities during the 3rd quarter valued at about $144,000. Finally, Innealta Capital LLC bought a new stake in Century Communities during the 2nd quarter worth approximately $162,000. 99.54% of the stock is 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.