Century Communities, Inc. (NYSE:CCS) Given Consensus Rating of “Hold” by Analysts

Century Communities, Inc. (NYSE:CCS) has received a consensus rating of “Hold” from the three ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $104.00.

Several equities research analysts have recently weighed in on CCS shares. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Wedbush increased their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, B. Riley restated a “buy” rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Century Communities Stock Down 4.4 %

CCS opened at $69.08 on Tuesday. The firm has a 50-day simple moving average of $82.69 and a two-hundred day simple moving average of $90.83. 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 market capitalization of $2.16 billion, a PE ratio of 6.89 and a beta of 1.91. Century Communities has a 52 week low of $68.90 and a 52 week high of $108.42.

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

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were given a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.51%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Institutional Trading of Century Communities

Several large investors have recently added to or reduced their stakes in CCS. Point72 Hong Kong Ltd acquired a new stake in shares of Century Communities during the 3rd quarter worth about $51,000. GAMMA Investing LLC raised its stake in shares of Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares during the period. Signaturefd LLC lifted its holdings in shares of Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock worth $134,000 after acquiring an additional 161 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in shares of Century Communities during the 3rd quarter worth approximately $144,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Century Communities in the 2nd quarter valued at approximately $180,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

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.