Century Communities, Inc. (NYSE:CCS) Stock Now Rated "Reduce" by Sell-Side Brokerages

Key Points

• Analysts rate Century Communities “Reduce” on average: Three of seven covering firms rate the stock a sell, two hold, and two buy; the average 12-month price target is $63.
• Recent downgrades included Zacks Research’s move to “strong sell” and Wall Street Zen’s move to “sell.” B. Riley cut its price target from $64 to $52 and assigned a neutral rating.
• The company’s latest quarter missed expectations, reporting EPS of $1.01 versus $1.22 forecast and revenue of $864.47 million versus $949.83 million forecast; revenue fell 11.8% year over year.

Century Communities, Inc. (NYSE:CCS - Get Free Report) has earned an average rating of "Reduce" from the seven research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $63.00.

Several research firms recently weighed in on CCS. Zacks Research downgraded shares of Century Communities from a "hold" rating to a "strong sell" rating in a report on Friday, October 30th. Wall Street Zen cut shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Saturday, October 31st. B. Riley Financial dropped their price target on shares of Century Communities from $64.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, October 29th. Finally, Weiss Ratings downgraded shares of Century Communities from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, October 30th.

Institutional Investors Weigh In On Century Communities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nykredit A S bought a new position in Century Communities during the 2nd quarter valued at $26,000. Farther Finance Advisors LLC increased its position in shares of Century Communities by 287.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 430 shares of the construction company's stock valued at $26,000 after purchasing an additional 319 shares during the period. Versant Capital Management Inc increased its position in shares of Century Communities by 56.3% during the 3rd quarter. Versant Capital Management Inc now owns 644 shares of the construction company's stock valued at $39,000 after purchasing an additional 232 shares during the period. State of Wyoming bought a new stake in shares of Century Communities in the 2nd quarter worth $82,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Century Communities in the 2nd quarter worth $83,000. Institutional investors own 99.54% of the company's stock.

Century Communities Stock Down 0.8%

Shares of Century Communities stock opened at $51.49 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.42 and a quick ratio of 0.42. Century Communities has a 1-year low of $47.28 and a 1-year high of $76.00. The business's fifty day moving average price is $57.78 and its two-hundred day moving average price is $61.61. The company has a market capitalization of $1.46 billion, a P/E ratio of 13.73 and a beta of 1.30.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results 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 business had revenue of $864.47 million during the quarter, compared to the consensus estimate of $949.83 million. Century Communities had a return on equity of 5.41% and a net margin of 2.86%. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. As a group, research analysts forecast that Century Communities will post 3.61 EPS for the current year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 25th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, November 25th. Century Communities's dividend payout ratio (DPR) is currently 34.13%.

About Century Communities

Century Communities, Inc. is a U.S. homebuilder that designs, constructs, markets and sells single-family homes and townhomes. The company offers homes at a range of price points and sells them through its Century Communities and Century Complete brands. Founded in 2002, the company operates in markets across the United States. Its related services include mortgage lending and title services, which support customers through the home-buying process. Co-founder Robert J. Francescon serves as the company's chief executive officer.

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