Century Communities (NYSE:CCS) Price Target Cut to $88.00 by Analysts at Wedbush

Century Communities (NYSE:CCS) had its price objective cut by Wedbush from $93.00 to $88.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Separately, Zelman & Associates raised Century Communities to a “hold” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.33.

Century Communities Stock Performance

NYSE:CCS opened at $55.76 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 5.36 and a beta of 1.76. The firm’s fifty day moving average price is $66.03 and its 200 day moving average price is $76.95. Century Communities has a 1-year low of $53.75 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm had revenue of $903.23 million during the quarter, compared to analysts’ expectations of $914.20 million. On average, sell-side analysts expect that Century Communities will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 2.08%. Century Communities’s dividend payout ratio (DPR) is 11.15%.

Institutional Investors Weigh In On Century Communities

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after purchasing an additional 10,453 shares in the last quarter. Invesco Ltd. boosted its position in shares of Century Communities by 27.9% in the 4th quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock worth $17,328,000 after buying an additional 51,589 shares in the last quarter. Principal Financial Group Inc. grew its stake in Century Communities by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after acquiring an additional 3,747 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock valued at $38,699,000 after acquiring an additional 34,046 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after acquiring an additional 46,477 shares during the last quarter. Institutional investors and hedge funds 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.