Century Communities (NYSE:CCS) Upgraded by Zacks Research to Hold Rating

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

Several other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. decreased their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Finally, Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Century Communities has an average rating of “Hold” and an average target price of $67.00.

Century Communities Trading Up 0.4%

NYSE:CCS opened at $62.68 on Monday. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 14.12 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57. Century Communities has a 1 year low of $47.28 and a 1 year high of $76.00. The business has a fifty day moving average of $56.66 and a 200-day moving average of $60.85.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. The business had revenue of $789.67 million for the quarter, compared to analysts’ expectations of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The company’s revenue was down 16.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. Equities analysts predict that Century Communities will post 3.84 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 27th. Century Communities’s payout ratio is presently 28.83%.

Institutional Investors Weigh In On Century Communities

Hedge funds and other institutional investors have recently bought and sold shares of the business. Axiom Investment Management LLC bought a new position in shares of Century Communities during the 1st quarter valued at about $287,000. EMG Holdings L.P. grew its stake in shares of Century Communities by 307.2% in the 1st quarter. EMG Holdings L.P. now owns 56,285 shares of the construction company’s stock worth $3,230,000 after purchasing an additional 42,464 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Century Communities by 4.9% in the 1st quarter. Bank of America Corp DE now owns 153,996 shares of the construction company’s stock worth $8,836,000 after purchasing an additional 7,134 shares in the last quarter. Amundi raised its holdings in shares of Century Communities by 10.3% in the 1st quarter. Amundi now owns 5,079 shares of the construction company’s stock worth $291,000 after purchasing an additional 475 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in Century Communities by 32.9% during the first quarter. California State Teachers Retirement System now owns 32,443 shares of the construction company’s stock valued at $1,862,000 after purchasing an additional 8,026 shares during the last quarter. 99.54% of the stock is currently owned by 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.