Century Communities (NYSE:CCS) Research Coverage Started at Citizens Jmp

Citizens Jmp initiated coverage on shares of Century Communities (NYSE:CCS) in a report released on Wednesday morning, MarketBeat Ratings reports. The firm issued a market outperform rating and a $92.00 target price on the construction company’s stock.

Other equities analysts have also recently issued reports about the company. Citigroup started coverage on Century Communities in a report on Wednesday. They set an “outperform” rating for the company. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $56.00 price objective on shares of Century Communities in a research report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Century Communities presently has a consensus rating of “Hold” and an average price target of $76.50.

Century Communities Price Performance

Shares of NYSE CCS opened at $64.85 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is $62.45 and its 200 day moving average price is $62.41. Century Communities has a 52 week low of $50.42 and a 52 week high of $81.10. The firm has a market cap of $1.91 billion, a P/E ratio of 9.47 and a beta of 1.56.

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

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, November 26th. Century Communities’s payout ratio is currently 16.93%.

Institutional Trading of Century Communities

Several large investors have recently bought and sold shares of CCS. Traub Capital Management LLC acquired a new position in Century Communities in the second quarter worth about $39,000. EverSource Wealth Advisors LLC grew its stake in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares during the period. GAMMA Investing LLC raised its holdings in shares of Century Communities by 17.4% during the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock valued at $104,000 after acquiring an additional 275 shares during the period. Finally, State of Wyoming lifted its stake in Century Communities by 37.3% in the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after acquiring an additional 447 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.