Century Communities (NYSE:CCS) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Century Communities (NYSE:CCS) from a hold rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Other analysts also recently issued research reports about the company. Zelman & Associates downgraded Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Zacks Research cut Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, B. Riley Financial decreased their price target on Century Communities from $64.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $63.00.

Century Communities Stock Up 3.4%

NYSE:CCS opened at $54.39 on Friday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 11.86 and a beta of 1.28. Century Communities has a 1-year low of $47.28 and a 1-year high of $76.00. The company’s fifty day moving average price is $60.13 and its 200-day moving average price is $62.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 28th. The construction company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.21). Century Communities had a net margin of 2.86% and a return on equity of 5.40%. The business had revenue of $864.47 million during the quarter, compared to analysts’ expectations of $949.83 million. During the same period in the previous year, the company posted $1.52 earnings per share. Century Communities’s revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Century Communities will post 3.61 EPS for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.4%. Century Communities’s dividend payout ratio is currently 34.13%.

Institutional Trading of Century Communities

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CenterBook Partners LP acquired a new position in Century Communities in the third quarter valued at about $292,000. Bridge City Capital LLC boosted its stake in Century Communities by 14.0% during the third quarter. Bridge City Capital LLC now owns 149,894 shares of the construction company’s stock worth $9,031,000 after buying an additional 18,414 shares during the period. Summit Global Investments boosted its stake in Century Communities by 5.5% during the third quarter. Summit Global Investments now owns 16,699 shares of the construction company’s stock worth $1,006,000 after buying an additional 876 shares during the period. Choreo LLC increased its position in shares of Century Communities by 1.7% during the third quarter. Choreo LLC now owns 12,289 shares of the construction company’s stock valued at $740,000 after acquiring an additional 209 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of Century Communities during the third quarter valued at about $637,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Company Profile

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.