Shares of Century Communities, Inc. (NYSE:CCS – Get Free Report) have earned an average rating of “Hold” from the three analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $104.00.
Several analysts have issued reports on CCS shares. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $97.00 in a research note on Friday, December 13th. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Wedbush raised their price target on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, B. Riley reissued a “buy” rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th.
Read Our Latest Research Report on CCS
Century Communities Price Performance
Century Communities (NYSE:CCS – Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $2.58 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. Analysts anticipate that Century Communities will post 10.95 earnings per share for the current fiscal year.
Century Communities Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.39%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. boosted its holdings in shares of Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after buying an additional 89,310 shares during the last quarter. Jennison Associates LLC raised its position in Century Communities by 9.9% during the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock worth $56,063,000 after acquiring an additional 49,256 shares in the last quarter. 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 acquiring an additional 16,397 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock valued at $48,502,000 after acquiring an additional 51,021 shares during the period. Finally, Basswood Capital Management L.L.C. increased its stake in shares of Century Communities by 11.8% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock worth $44,896,000 after purchasing an additional 46,104 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.
About Century Communities
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.
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