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

Century Communities, Inc. (NYSE:CCS) has been given an average rating of “Reduce” by the six brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $67.00.

CCS has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and cut their price target for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Finally, Weiss Ratings lowered shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th.

Century Communities Trading Up 0.9%

Shares of CCS opened at $60.61 on Tuesday. The stock has a market capitalization of $1.74 billion, a P/E ratio of 13.65 and a beta of 1.34. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $56.24 and a two-hundred day simple moving average of $60.99. Century Communities has a twelve month low of $47.28 and a twelve month high of $76.00.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. The firm had revenue of $789.67 million for the quarter, compared to analysts’ expectations of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The company’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 earnings per share. On average, research analysts anticipate that Century Communities will post 3.84 EPS for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. Century Communities’s dividend payout ratio is currently 28.83%.

Institutional Investors Weigh In On Century Communities

Several hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC raised its holdings in Century Communities by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock worth $301,000 after purchasing an additional 155 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Century Communities by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after buying an additional 173 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Century Communities by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock valued at $793,000 after buying an additional 173 shares in the last quarter. CWM LLC grew its position in shares of Century Communities by 1.7% in the 4th quarter. CWM LLC now owns 17,745 shares of the construction company’s stock worth $1,053,000 after buying an additional 292 shares during the period. Finally, Illinois Municipal Retirement Fund grew its position in shares of Century Communities by 2.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company’s stock worth $867,000 after buying an additional 359 shares during the period. 99.54% of the stock is currently owned by institutional investors.

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.