Brokerages Set Century Communities, Inc. (NYSE:CCS) Price Target at $103.00

Century Communities, Inc. (NYSE:CCS) has been assigned an average recommendation of “Hold” from the four research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $103.00.

A number of brokerages recently issued reports on CCS. Wedbush reissued a “neutral” rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and cut their price objective for the company 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 report on Friday, January 31st. Finally, StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th.

Century Communities Stock Performance

Shares of CCS opened at $69.65 on Friday. The firm has a fifty day moving average of $72.94 and a 200-day moving average of $83.50. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 6.70 and a beta of 2.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Century Communities has a 1 year low of $66.07 and a 1 year high of $108.42.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is currently 11.15%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its position in shares of Century Communities by 2.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company’s stock valued at $1,157,000 after purchasing an additional 349 shares in the last quarter. KBC Group NV lifted its stake in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after purchasing an additional 403 shares during the last quarter. Principal Securities Inc. boosted its holdings in Century Communities by 27.7% during the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock worth $156,000 after buying an additional 460 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Century Communities in the third quarter worth approximately $51,000. Finally, Cetera Investment Advisers grew its position in Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company’s stock worth $571,000 after buying an additional 562 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

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.