Century Communities (NYSE:CCS) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Century Communities (NYSE:CCS - Free Report) from a sell rating to a hold rating in a report published on Wednesday.

A number of other research firms also recently weighed in on CCS. Wedbush raised their price target on Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. B. Riley reaffirmed a "buy" rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.

Century Communities Stock Down 3.7 %

Century Communities stock opened at $91.11 on Wednesday. Century Communities has a twelve month low of $70.82 and a twelve month high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $2.86 billion, a PE ratio of 9.08 and a beta of 1.87. The firm's 50 day moving average price is $94.85 and its two-hundred day moving average price is $91.75.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly 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. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $2.58 earnings per share. Century Communities's revenue for the quarter was up 23.7% compared to the same quarter last year. On average, research analysts predict that Century Communities will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, November 27th. Century Communities's payout ratio is 10.37%.

Insider Buying and Selling

In other Century Communities news, Director John P. Box sold 11,282 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On Century Communities

Institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in Century Communities in the 3rd quarter worth approximately $51,000. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 287 shares during the period. Signaturefd LLC grew 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 worth $93,000 after purchasing an additional 115 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Century Communities during the 3rd quarter worth about $144,000. Finally, Innealta Capital LLC bought a new stake in shares of Century Communities in the second quarter valued at about $162,000. 99.54% of the stock is currently owned by institutional investors.

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.