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

Shares of Century Communities, Inc. (NYSE:CCS) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $71.3333.

Several research firms have recently commented on CCS. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $56.00 target price on shares of Century Communities in a research note on Thursday, December 4th. Finally, Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th.

Institutional Investors Weigh In On Century Communities

Hedge funds have recently added to or reduced their stakes in the business. Ausbil Investment Management Ltd purchased a new position in Century Communities in the 4th quarter valued at approximately $200,000. SG Americas Securities LLC boosted its holdings in Century Communities by 125.8% in the fourth quarter. SG Americas Securities LLC now owns 10,150 shares of the construction company’s stock valued at $602,000 after purchasing an additional 5,654 shares during the period. Diversified Trust Co. purchased a new position in Century Communities in the fourth quarter valued at $241,000. JPMorgan Chase & Co. grew its stake in Century Communities by 26.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,699 shares of the construction company’s stock worth $21,463,000 after purchasing an additional 71,688 shares in the last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in Century Communities during the 3rd quarter worth about $1,647,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Price Performance

Century Communities stock opened at $67.90 on Friday. The company’s 50 day simple moving average is $61.67 and its 200-day simple moving average is $62.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54. Century Communities has a 1 year low of $50.42 and a 1 year high of $81.10. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 9.91 and a beta of 1.56.

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

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. Century Communities’s dividend payout ratio (DPR) is presently 16.93%.

About Century Communities

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.