Century Communities, Inc. (NYSE:CCS) Receives $107.50 Consensus Target Price from Brokerages

Century Communities, Inc. (NYSE:CCS) has been given a consensus recommendation of “Hold” by the three ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $104.00.

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their price objective for the company from $110.00 to $97.00 in a research note on Friday, December 13th. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. B. Riley reissued a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Finally, Wedbush lifted their target price on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Hedge Funds Weigh In On Century Communities

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC lifted its holdings in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares in the last quarter. Arizona State Retirement System lifted its holdings in Century Communities by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after buying an additional 147 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Century Communities by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock worth $231,000 after buying an additional 172 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in Century Communities by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after buying an additional 186 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Century Communities by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company’s stock worth $1,160,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Down 1.3 %

CCS stock opened at $81.27 on Friday. The stock has a market capitalization of $2.55 billion, a P/E ratio of 8.10 and a beta of 1.87. 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 has a one year low of $74.76 and a one year high of $108.42. The company has a 50 day moving average price of $90.43 and a two-hundred day moving average price of $91.93.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $2.58 EPS. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts expect that Century Communities will post 10.95 EPS for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were issued 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 1.28%. Century Communities’s payout ratio is 10.37%.

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.