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

Shares of Century Communities, Inc. (NYSE:CCS) have received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $71.3333.

A number of research firms have issued reports on CCS. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $56.00 price target on shares of Century Communities in a research note on Thursday, December 4th. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th.

Institutional Investors Weigh In On Century Communities

A number of institutional investors have recently added to or reduced their stakes in the company. Penn Capital Management Company LLC bought a new position in Century Communities during the third quarter worth about $1,647,000. Voss Capital LP boosted its holdings in Century Communities by 28.1% in the 3rd quarter. Voss Capital LP now owns 365,000 shares of the construction company’s stock worth $23,130,000 after buying an additional 80,000 shares during the period. Caxton Associates LLP grew its stake in Century Communities by 71.9% in the 3rd quarter. Caxton Associates LLP now owns 22,531 shares of the construction company’s stock valued at $1,428,000 after buying an additional 9,424 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Century Communities by 81.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 88,162 shares of the construction company’s stock valued at $5,587,000 after buying an additional 39,548 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Century Communities by 29.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,513 shares of the construction company’s stock valued at $349,000 after acquiring an additional 1,269 shares during the period. 99.54% of the stock is owned by institutional investors.

Century Communities Stock Performance

CCS opened at $58.75 on Tuesday. Century Communities has a 1-year low of $50.42 and a 1-year high of $81.10. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 8.58 and a beta of 1.53. The company’s fifty day moving average price is $61.19 and its two-hundred day moving average price is $61.20. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. The firm had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The business’s revenue was down 13.8% on a year-over-year basis. During the same period last year, the company earned $2.77 earnings per share. On average, analysts expect that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, November 26th. Century Communities’s dividend payout ratio (DPR) is presently 16.93%.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.