Century Communities’ (CCS) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Century Communities (NYSE:CCS) in a research report sent to investors on Friday morning,Benzinga reports.

A number of other research analysts have also commented on CCS. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $85.00.

Century Communities Stock Performance

Shares of NYSE CCS opened at $61.04 on Friday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 8.91 and a beta of 1.53. Century Communities has a 52-week low of $50.42 and a 52-week high of $95.76. 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 firm’s 50-day moving average price is $61.28 and its two-hundred day moving average price is $59.89.

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

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be paid a $0.29 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. Century Communities’s payout ratio is presently 16.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC lifted its position in Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after purchasing an additional 1,180 shares during the period. American Century Companies Inc. boosted its holdings in shares of Century Communities by 9.6% in the 1st quarter. American Century Companies Inc. now owns 63,659 shares of the construction company’s stock worth $4,272,000 after acquiring an additional 5,600 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Century Communities in the second quarter valued at $582,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Century Communities during the first quarter worth approximately $311,000. Finally, Jump Financial LLC boosted its position in Century Communities by 109.7% in the 1st quarter. Jump Financial LLC now owns 14,188 shares of the construction company’s stock valued at $952,000 after buying an additional 7,421 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Company Profile

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.