Century Communities (NYSE:CCS) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Century Communities (NYSE:CCS) from a hold rating to a sell rating in a report issued on Saturday,Wall Street Zen reports.

Other analysts have also issued research reports about the company. B. Riley Financial decreased their price target on Century Communities from $64.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday. 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 lowered shares of Century Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Zelman & Associates cut shares of Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Century Communities currently has a consensus rating of “Hold” and an average price target of $63.00.

Century Communities Trading Down 1.9%

Shares of CCS stock opened at $52.56 on Friday. Century Communities has a 1 year low of $47.28 and a 1 year 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 stock’s 50 day simple moving average is $60.44 and its two-hundred day simple moving average is $62.25. The company has a market cap of $1.49 billion, a PE ratio of 14.02 and a beta of 1.28.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 28th. The construction company reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.21). The company had revenue of $864.47 million during the quarter, compared to the consensus estimate of $949.83 million. Century Communities had a net margin of 2.86% and a return on equity of 5.41%. 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 business earned $1.52 earnings per share. Research analysts predict that Century Communities will post 3.61 earnings per share for the current year.

Century Communities Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Century Communities during the second quarter worth $367,973,000. Jefferies Financial Group Inc. purchased a new stake in shares of Century Communities during the second quarter valued at $1,509,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Century Communities during the second quarter valued at $4,350,000. Bank of New York Mellon Corp bought a new position in shares of Century Communities in the second quarter worth about $20,055,000. Finally, Lakewood Capital Management LP bought a new position in shares of Century Communities in the second quarter worth about $34,898,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.