Century Communities, Inc. (NYSE:CCS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Century Communities, Inc. (NYSE:CCS) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $74.75.

CCS has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a research note on Monday, February 2nd. Citizens Jmp started coverage on Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target for the company. Finally, Citigroup began coverage on Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating on the stock.

Century Communities Price Performance

CCS stock opened at $72.63 on Wednesday. The business’s 50-day moving average is $63.70 and its two-hundred day moving average is $62.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $2.11 billion, a P/E ratio of 14.94 and a beta of 1.58. Century Communities has a 1 year low of $50.42 and a 1 year high of $75.01.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company earned $3.54 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. Analysts anticipate that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be paid a $0.32 dividend. This is an increase from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, February 25th. Century Communities’s payout ratio is currently 23.87%.

Institutional Trading of Century Communities

Several institutional investors have recently modified their holdings of the stock. Westwood Holdings Group Inc. grew its position in shares of Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock valued at $75,569,000 after buying an additional 282,133 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Century Communities by 32.2% in the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after acquiring an additional 254,186 shares in the last quarter. Voss Capital LP grew its holdings in shares of Century Communities by 280.0% during the second quarter. Voss Capital LP now owns 285,000 shares of the construction company’s stock worth $16,051,000 after purchasing an additional 210,000 shares during the last quarter. M&G PLC acquired a new stake in shares of Century Communities during the second quarter worth about $11,000,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Century Communities by 58.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 509,499 shares of the construction company’s stock worth $30,239,000 after purchasing an additional 186,938 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.