Century Communities (NYSE:CCS) Stock Gets Price Target Cut from B. Riley Financial

Century Communities (NYSE:CCS) had its price target trimmed by B. Riley Financial from $64.00 to $52.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the construction company’s stock.

CCS has been the topic of several other reports. Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Zacks Research downgraded Century Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.00.

Century Communities Price Performance

NYSE CCS opened at $52.56 on Thursday. Century Communities has a 12 month low of $47.28 and a 12 month high of $76.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.42 and a quick ratio of 0.56. The firm has a market capitalization of $1.49 billion, a PE ratio of 14.02 and a beta of 1.28. The company’s 50 day simple moving average is $60.44 and its 200 day simple moving average is $62.25.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 28th. The construction company reported $1.01 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.21). The firm had revenue of $864.47 million for the quarter, compared to the consensus estimate of $949.83 million. Century Communities had a return on equity of 5.41% and a net margin of 2.86%. Century Communities’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS. As a group, equities research analysts forecast that Century Communities will post 3.61 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, August 26th. Century Communities’s payout ratio is presently 34.13%.

Institutional Trading of Century Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Century Communities during the second quarter valued at $367,973,000. Heartland Advisors Inc. acquired a new position in shares of Century Communities in the 2nd quarter valued at $37,006,000. Lakewood Capital Management LP acquired a new position in shares of Century Communities in the 2nd quarter valued at $34,898,000. Bank of New York Mellon Corp purchased a new position in Century Communities in the 2nd quarter worth about $20,055,000. Finally, Bank of America Corp DE purchased a new position in Century Communities in the 2nd quarter worth about $12,589,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Company Profile

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.