Century Communities’ (CCS) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of Century Communities (NYSE:CCS) in a report published on Thursday, Marketbeat Ratings reports. They currently have a $56.00 price objective on the construction company’s stock.

A number of other equities research analysts have also recently issued reports on CCS. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $71.33.

Century Communities Trading Down 0.5%

NYSE:CCS opened at $62.17 on Thursday. The company has a market capitalization of $1.83 billion, a P/E ratio of 9.08 and a beta of 1.53. The stock’s 50 day moving average price is $61.08 and its 200 day moving average price is $60.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54. Century Communities has a 52 week low of $50.42 and a 52 week high of $88.84.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.86 by $0.66. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The company had revenue of $980.28 million during the quarter, compared to the consensus estimate of $906.10 million. During the same period in the previous year, the firm posted $2.77 earnings per share. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. On average, research analysts forecast that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. Century Communities’s payout ratio is presently 16.93%.

Institutional Trading of Century Communities

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Century Communities by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company’s stock worth $133,749,000 after buying an additional 21,619 shares during the period. Wellington Management Group LLP grew its stake in shares of Century Communities by 32.5% in the first quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company’s stock worth $104,592,000 after acquiring an additional 382,408 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Century Communities by 26.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after acquiring an additional 282,133 shares during the period. Balyasny Asset Management L.P. raised its stake in Century Communities by 32.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after purchasing an additional 254,186 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Century Communities by 8.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 570,335 shares of the construction company’s stock valued at $38,269,000 after purchasing an additional 42,809 shares during the period. Institutional investors own 99.54% of the company’s stock.

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.