Century Communities (NYSE:CCS) Upgraded at Zacks Research

Zacks Research upgraded shares of Century Communities (NYSE:CCS) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other research firms have also issued reports on CCS. Citigroup initiated coverage on shares of Century Communities in a research report on Wednesday, January 21st. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Citizens Jmp assumed coverage on Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 target price on the stock. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Century Communities in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $74.75.

Century Communities Stock Up 0.3%

CCS stock opened at $57.54 on Monday. The stock has a fifty day moving average of $64.26 and a 200-day moving average of $62.80. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $76.00. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.84 and a beta of 1.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.54 EPS. As a group, equities research analysts predict that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 25th. Century Communities’s dividend payout ratio (DPR) is 26.34%.

Insider Buying and Selling

In related news, Chairman Dale Francescon sold 100,100 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the completion of the transaction, the chairman owned 561,662 shares of the company’s stock, valued at approximately $40,686,795.28. The trade was a 15.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after purchasing an additional 411 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after buying an additional 465 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Century Communities during the fourth quarter valued at $70,000. Jones Financial Companies Lllp grew its position in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares in the last quarter. Finally, State of Wyoming increased its stake in Century Communities by 37.3% in the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after acquiring an additional 447 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.