Century Communities, Inc. (NYSE:CCS) Given Average Rating of “Hold” by Brokerages

Century Communities, Inc. (NYSE:CCS) has received a consensus recommendation of “Hold” from the three research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $104.00.

Several equities analysts recently issued reports on CCS shares. JPMorgan Chase & Co. upgraded 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 note on Friday, December 13th. B. Riley reissued a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush lifted their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th.

Century Communities Price Performance

Shares of CCS opened at $69.86 on Tuesday. The business’s 50-day moving average is $82.29 and its two-hundred day moving average is $90.85. The company has a market capitalization of $2.19 billion, a P/E ratio of 6.97 and a beta of 1.91. Century Communities has a fifty-two week low of $68.49 and a fifty-two week high of $108.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $2.58 earnings per share. Century Communities’s quarterly revenue was up 23.7% on a year-over-year basis. Research analysts predict that Century Communities will post 10.95 earnings per share for the current year.

Century Communities Announces Dividend

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 of this dividend was Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.49%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Institutional Investors Weigh In On Century Communities

Several institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Century Communities by 444.7% in the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after acquiring an additional 295,729 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Century Communities in the 2nd quarter valued at $7,419,000. Westwood Holdings Group Inc. boosted its stake in Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock worth $72,122,000 after purchasing an additional 89,310 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after buying an additional 66,029 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Century Communities by 86.9% in the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock valued at $10,069,000 after buying an additional 57,341 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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.