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

Shares of Century Communities, Inc. (NYSE:CCS) have been assigned a consensus rating of “Hold” from the four ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $103.00.

CCS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of 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 research note on Friday, December 13th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, Wedbush reiterated a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th.

Century Communities Stock Performance

Shares of CCS opened at $69.18 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.14 billion, a PE ratio of 6.65 and a beta of 2.10. Century Communities has a 12 month low of $66.07 and a 12 month high of $108.42. The stock has a fifty day moving average price of $72.64 and a 200-day moving average price of $83.30.

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

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend 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 of this dividend was Wednesday, February 26th. Century Communities’s payout ratio is presently 11.15%.

Institutional Investors Weigh In On Century Communities

Several institutional investors and hedge funds have recently added to or reduced their stakes in 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 holdings 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 purchasing an additional 569 shares during the last quarter. Sterling Capital Management LLC increased its holdings 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 purchasing an additional 688 shares during the last quarter. Headlands Technologies LLC purchased a new position in Century Communities during the fourth quarter worth approximately $74,000. Finally, KBC Group NV grew its holdings in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.