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

Century Communities, Inc. (NYSE:CCS) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $74.75.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Citigroup assumed coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set an “outperform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Citizens Jmp started coverage on Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target for the company.

Insider Activity

In other news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the sale, the chairman directly owned 561,662 shares in the company, valued at $40,686,795.28. The trade was a 15.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Century Communities

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. increased its holdings in Century Communities by 23.8% during the fourth quarter. Invesco Ltd. now owns 180,382 shares of the construction company’s stock worth $10,706,000 after buying an additional 34,653 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Century Communities by 18.9% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,557 shares of the construction company’s stock valued at $389,000 after acquiring an additional 1,044 shares during the period. Wellington Management Group LLP increased its stake in shares of Century Communities by 9.3% during the 4th quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock worth $96,803,000 after purchasing an additional 139,141 shares during the last quarter. SummitTX Capital L.P. bought a new stake in shares of Century Communities in the 4th quarter worth approximately $4,887,000. Finally, Numerai GP LLC raised its holdings in shares of Century Communities by 8.2% in the 4th quarter. Numerai GP LLC now owns 6,762 shares of the construction company’s stock worth $401,000 after purchasing an additional 513 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Price Performance

Shares of NYSE:CCS opened at $57.54 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.67 billion, a PE ratio of 11.84 and a beta of 1.56. The stock’s fifty day simple moving average is $64.26 and its two-hundred day simple moving average is $62.80. Century Communities has a 1-year low of $50.42 and a 1-year high of $76.00.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.20. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.54 EPS. As a group, analysts forecast that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were paid a $0.32 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.2%. Century Communities’s dividend payout ratio is currently 26.34%.

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.