Century Communities' (CCS) "Buy" Rating Reiterated at B. Riley

B. Riley reiterated their buy rating on shares of Century Communities (NYSE:CCS - Free Report) in a report published on Thursday, Benzinga reports. They currently have a $119.00 price objective on the construction company's stock, up from their previous price objective of $113.00.

Separately, Wedbush boosted their price objective on Century Communities from $82.00 to $90.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th.

Century Communities Price Performance

CCS stock traded up $2.35 during trading on Thursday, hitting $93.84. The company had a trading volume of 715,999 shares, compared to its average volume of 300,991. The company has a fifty day moving average price of $99.18 and a two-hundred day moving average price of $90.55. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.98 billion, a P/E ratio of 10.42 and a beta of 1.85. Century Communities has a fifty-two week low of $58.01 and a fifty-two week high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.46 by $0.19. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. Century Communities's quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 EPS. Equities research analysts expect that Century Communities will post 10.98 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Wednesday, August 28th. Century Communities's dividend payout ratio is currently 11.54%.

Insiders Place Their Bets

In other news, Director John P. Box sold 11,282 shares of the business's stock in a transaction on Friday, August 30th. The stock was 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 owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director John P. Box sold 11,282 shares of the business's stock in a transaction on Friday, August 30th. The stock was 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 owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert J. Francescon sold 50,000 shares of the business's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the sale, the chief executive officer now owns 477,931 shares of the company's stock, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Century Communities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd grew its holdings in shares of Century Communities by 95.0% during the first quarter. Covestor Ltd now owns 273 shares of the construction company's stock worth $26,000 after buying an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Century Communities in the first quarter valued at approximately $57,000. Signaturefd LLC grew its stake in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC grew its stake in Century Communities by 37.6% in the third 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 in the last quarter. Finally, Innealta Capital LLC bought a new position in Century Communities in the second quarter valued at approximately $162,000. Institutional investors own 99.54% of the company's stock.

Century Communities Company Profile

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.