Century Communities, Inc. (NYSE:CCS) Receives $103.00 Consensus Target Price from Brokerages

Century Communities, Inc. (NYSE:CCS) has earned a consensus recommendation of “Hold” from the four research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $103.00.

A number of research firms have weighed in on CCS. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com downgraded 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 set 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 upgraded Century Communities to a “hold” rating in a report on Friday, January 31st.

Hedge Funds Weigh In On Century Communities

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Century Communities by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company’s stock worth $144,641,000 after buying an additional 5,375 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Century Communities by 67.3% in the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company’s stock worth $82,200,000 after purchasing an additional 450,914 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Century Communities by 14.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company’s stock worth $58,791,000 after purchasing an additional 99,136 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Century Communities by 51.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company’s stock worth $49,834,000 after purchasing an additional 230,113 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Century Communities by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock worth $56,063,000 after purchasing an additional 49,256 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Performance

Century Communities stock opened at $68.93 on Wednesday. The business has a 50 day moving average of $73.73 and a 200-day moving average of $86.49. Century Communities has a 1 year low of $66.71 and a 1 year high of $108.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $2.13 billion, a P/E ratio of 6.63 and a beta of 1.92.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share 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%. On average, equities research analysts predict that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

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

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.