Wedbush Reaffirms Neutral Rating for Century Communities (NYSE:CCS)

Wedbush reiterated their neutral rating on shares of Century Communities (NYSE:CCSFree Report) in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a $92.00 price objective on the construction company’s stock.

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

View Our Latest Report on CCS

Century Communities Stock Performance

Shares of Century Communities stock opened at $84.27 on Tuesday. Century Communities has a 52 week low of $56.22 and a 52 week high of $95.07. The business’s fifty day simple moving average is $86.95 and its 200-day simple moving average is $76.76. The firm has a market cap of $2.68 billion, a PE ratio of 10.47 and a beta of 1.71. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCSGet Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $915.91 million. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. Equities analysts forecast that Century Communities will post 10.06 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s payout ratio is currently 12.92%.

Institutional Investors Weigh In On Century Communities

Several large investors have recently bought and sold shares of CCS. JPMorgan Chase & Co. increased its holdings in Century Communities by 72.6% during the 1st quarter. JPMorgan Chase & Co. now owns 128,730 shares of the construction company’s stock worth $6,896,000 after purchasing an additional 54,156 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Century Communities by 11.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,343 shares of the construction company’s stock worth $929,000 after purchasing an additional 1,823 shares during the period. Bank of New York Mellon Corp increased its holdings in Century Communities by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 363,683 shares of the construction company’s stock worth $19,482,000 after purchasing an additional 7,071 shares during the period. MetLife Investment Management LLC increased its holdings in Century Communities by 57.7% during the 1st quarter. MetLife Investment Management LLC now owns 16,306 shares of the construction company’s stock worth $874,000 after purchasing an additional 5,965 shares during the period. Finally, Rhumbline Advisers increased its holdings in Century Communities by 3.2% during the 1st quarter. Rhumbline Advisers now owns 76,119 shares of the construction company’s stock worth $4,078,000 after purchasing an additional 2,381 shares during the period. Hedge funds and other institutional investors own 88.31% of the company’s stock.

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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