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

Century Communities, Inc. (NYSE:CCS) has received a consensus recommendation of “Hold” from the three ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $104.00.

Several equities research analysts recently weighed in on the stock. Wedbush upped their target price 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. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and cut their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, 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.

Century Communities Trading Down 1.4 %

CCS opened at $71.55 on Tuesday. Century Communities has a 52 week low of $71.51 and a 52 week high of $108.42. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $84.54 and a 200-day simple moving average of $91.23. The firm has a market cap of $2.24 billion, a P/E ratio of 7.13 and a beta of 1.91.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. Century Communities’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the business posted $2.58 EPS. On average, equities analysts expect that Century Communities will post 10.95 earnings per share 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 paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.45%. The ex-dividend date was Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

Institutional Investors Weigh In On Century Communities

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ausbil Investment Management Ltd purchased a new position in shares of Century Communities during the third quarter worth about $618,000. Seven Eight Capital LP purchased a new position in Century Communities during the 2nd quarter worth approximately $624,000. Quest Partners LLC increased its position in Century Communities by 314.1% during the third quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock worth $1,470,000 after buying an additional 10,827 shares during the period. Point72 Asset Management L.P. increased its position in Century Communities by 15.9% during the second quarter. Point72 Asset Management L.P. now owns 41,733 shares of the construction company’s stock worth $3,408,000 after buying an additional 5,733 shares during the period. Finally, Pier Capital LLC lifted its stake in Century Communities by 33.0% in the second quarter. Pier Capital LLC now owns 99,171 shares of the construction company’s stock valued at $8,098,000 after buying an additional 24,630 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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.