Century Communities (NYSE:CCS) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Century Communities (NYSE:CCS) from an underweight rating to a neutral rating in a research report released on Friday, Marketbeat reports. JPMorgan Chase & Co. currently has $97.00 price target on the construction company’s stock, down from their prior price target of $110.00.

Other equities research analysts have also recently issued research reports about the stock. B. Riley reiterated a “buy” rating and set a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, Wedbush lifted their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th.

Century Communities Stock Down 2.6 %

Shares of CCS opened at $82.61 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $91.39 and a two-hundred day moving average price of $91.83. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 8.24 and a beta of 1.87. Century Communities has a 12 month low of $74.76 and a 12 month high of $108.42.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the company earned $2.58 EPS. Century Communities’s revenue was up 23.7% on a year-over-year basis. Equities analysts predict that Century Communities will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were issued a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.26%. Century Communities’s dividend payout ratio is presently 10.37%.

Institutional Trading of Century Communities

Several hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. grew its stake in Century Communities by 11.2% in the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after acquiring an additional 89,310 shares during the period. Jennison Associates LLC grew its position in shares of Century Communities by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock valued at $56,063,000 after purchasing an additional 49,256 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Century Communities by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after buying an additional 16,397 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Century Communities by 11.6% in the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock valued at $48,502,000 after buying an additional 51,021 shares during the period. Finally, Basswood Capital Management L.L.C. increased its position in shares of Century Communities by 11.8% during the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock worth $44,896,000 after acquiring an additional 46,104 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, 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.