Century Communities (NYSE:CCS) Receives “Underperform” Rating from Wedbush

Wedbush reissued their underperform rating on shares of Century Communities (NYSE:CCSFree Report) in a report published on Tuesday, Marketbeat Ratings reports. They currently have a $82.00 price objective on the construction company’s stock, down from their prior price objective of $92.00.

Separately, B. Riley boosted their target price on Century Communities from $100.00 to $110.00 and gave the stock a buy rating in a report on Thursday, February 1st.

View Our Latest Report on Century Communities

Century Communities Stock Down 6.8 %

Shares of Century Communities stock opened at $88.95 on Tuesday. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 11.05 and a beta of 1.71. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. Century Communities has a 52-week low of $58.01 and a 52-week high of $97.92. The stock has a 50-day simple moving average of $88.23 and a 200-day simple moving average of $79.05.

Century Communities (NYSE:CCSGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The construction company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.66. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $915.91 million. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. On average, equities research analysts expect that Century Communities will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued a $0.26 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, February 27th. Century Communities’s payout ratio is 12.92%.

Institutional Investors Weigh In On Century Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. increased its position in Century Communities by 197.4% in the 4th quarter. Nomura Holdings Inc. now owns 8,919 shares of the construction company’s stock worth $813,000 after buying an additional 5,920 shares during the period. Vanguard Group Inc. increased its position in Century Communities by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock worth $184,104,000 after buying an additional 29,989 shares during the period. Goldman Sachs Group Inc. increased its position in Century Communities by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 429,476 shares of the construction company’s stock worth $39,142,000 after buying an additional 1,194 shares during the period. Price T Rowe Associates Inc. MD increased its position in Century Communities by 16.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,440 shares of the construction company’s stock worth $1,863,000 after buying an additional 2,876 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in Century Communities by 2.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 26,059 shares of the construction company’s stock worth $2,375,000 after buying an additional 514 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Company Profile

(Get Free Report)

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.

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