Century Communities, Inc. (NYSE:CCS) Receives Average Recommendation of “Hold” from Analysts

Century Communities, Inc. (NYSE:CCS) has been given an average recommendation of “Hold” by the four analysts that are presently covering the stock, Marketbeat Ratings reports. Three 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 target price among brokerages that have issued a report on the stock in the last year is $103.00.

A number of brokerages have recently issued reports on CCS. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Wedbush reissued a “neutral” rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Finally, Zelman & Associates raised shares of Century Communities to a “hold” rating in a research report on Friday, January 31st.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new position in Century Communities during the third quarter worth about $51,000. Smartleaf Asset Management LLC increased its stake in shares of Century Communities by 336.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after buying an additional 569 shares during the period. Sterling Capital Management LLC increased its stake in shares of Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after buying an additional 688 shares during the period. Headlands Technologies LLC acquired a new position in shares of Century Communities in the fourth quarter valued at approximately $74,000. Finally, Signaturefd LLC increased its stake in shares of Century Communities by 14.1% in the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Price Performance

NYSE:CCS opened at $68.93 on Wednesday. Century Communities has a one year low of $66.71 and a one year high of $108.42. The company has a market cap of $2.13 billion, a P/E ratio of 6.63 and a beta of 1.92. The firm’s fifty day moving average price is $73.73 and its two-hundred day moving average price is $86.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities analysts expect that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.29 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 1.68%. Century Communities’s payout ratio is presently 11.15%.

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.