Shares of Century Communities, Inc. (NYSE:CCS) have been given a consensus rating of “Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $82.75.
Several research firms recently issued reports on CCS. Wedbush increased their price target on shares of Century Communities from $92.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 29th.
Zelman & Associates raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Thursday, July 29th. B. Riley reduced their price objective on shares of Century Communities from $110.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Zacks Investment Research lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Monday, October 4th.
Shares of CCS opened at $61.52 on Monday. Century Communities has a one year low of $38.08 and a one year high of $83.20. The company has a 50-day moving average of $66.80 and a two-hundred day moving average of $67.87. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 5.77 and a beta of 1.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.10 and a quick ratio of 2.10.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, August 31st. Century Communities’s dividend payout ratio (DPR) is presently 9.65%.
In related news, CEO Robert J. Francescon sold 90,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 11th. The shares were sold at an average price of $72.08, for a total value of $6,487,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.80% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of CCS. Paragon Wealth Strategies LLC bought a new stake in Century Communities in the 2nd quarter worth about $38,000. Dark Forest Capital Management LP bought a new position in Century Communities in the 2nd quarter worth approximately $41,000. Lazard Asset Management LLC bought a new position in Century Communities in the 1st quarter worth approximately $38,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Century Communities in the 2nd quarter valued at $57,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Century Communities in the 1st quarter valued at $57,000. 85.55% of the stock is owned by institutional investors.
Century Communities Company Profile
Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, Southeast, and Wade Journey Homes. The West segment refers to Southern California, Central Valley, Bay Area and Washington.
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