Century Communities (NYSE:CCS) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Century Communities (NYSE:CCSGet Rating) from a hold rating to a sell rating in a report published on Thursday, Zacks.com reports.

According to Zacks, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado. “

Several other equities analysts have also recently weighed in on CCS. B. Riley cut their target price on shares of Century Communities from $108.00 to $84.00 and set a buy rating for the company in a research note on Wednesday, April 6th. StockNews.com assumed coverage on Century Communities in a research report on Thursday, March 31st. They set a hold rating for the company. JPMorgan Chase & Co. decreased their target price on Century Communities from $74.50 to $61.00 and set an overweight rating on the stock in a research report on Wednesday, April 13th. Finally, Wedbush cut their price target on Century Communities from $110.00 to $94.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $76.80.

Shares of Century Communities stock opened at $54.40 on Thursday. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 3.74 and a beta of 1.98. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.57. The stock’s 50-day simple moving average is $56.91 and its 200-day simple moving average is $65.94. Century Communities has a 52 week low of $46.63 and a 52 week high of $86.07.

Century Communities (NYSE:CCSGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The construction company reported $4.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.92 by $0.28. Century Communities had a return on equity of 32.75% and a net margin of 11.82%. During the same period in the prior year, the business posted $3.00 earnings per share. On average, equities analysts expect that Century Communities will post 16.86 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 16th. Investors of record on Wednesday, March 2nd were issued a $0.20 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.47%. Century Communities’s dividend payout ratio (DPR) is presently 5.49%.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Century Communities by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,246,935 shares of the construction company’s stock valued at $429,148,000 after purchasing an additional 169,936 shares during the last quarter. Wellington Management Group LLP boosted its stake in Century Communities by 6.2% during the third quarter. Wellington Management Group LLP now owns 1,781,466 shares of the construction company’s stock worth $109,471,000 after buying an additional 104,305 shares during the period. Goldman Sachs Group Inc. increased its position in Century Communities by 39.7% during the third quarter. Goldman Sachs Group Inc. now owns 1,055,082 shares of the construction company’s stock valued at $64,835,000 after acquiring an additional 299,970 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Century Communities by 2.3% in the fourth quarter. Jennison Associates LLC now owns 888,164 shares of the construction company’s stock valued at $72,643,000 after acquiring an additional 19,750 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 11.1% during the 4th quarter. Westwood Holdings Group Inc. now owns 867,052 shares of the construction company’s stock worth $70,916,000 after purchasing an additional 86,905 shares during the period. Institutional investors and hedge funds own 85.56% of the company’s stock.

Century Communities Company Profile (Get Rating)

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 home buyers.

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