Century Communities, Inc. (NYSE:CCS) Receives $103.00 Consensus PT from Brokerages

Shares of Century Communities, Inc. (NYSE:CCS) have been assigned an average rating of “Hold” from the four ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $103.00.

A number of equities analysts have commented on CCS shares. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. Wedbush reissued a “neutral” rating and issued a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Zelman & Associates raised Century Communities to a “hold” rating in a research report on Friday, January 31st. Finally, StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently bought and sold shares of CCS. Point72 Hong Kong Ltd purchased a new position in shares of Century Communities in the 3rd quarter valued at $51,000. Smartleaf Asset Management LLC boosted its position in Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after purchasing an additional 569 shares in the last quarter. Sterling Capital Management LLC grew its stake in Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after purchasing an additional 688 shares during the last quarter. Headlands Technologies LLC bought a new position in Century Communities in the fourth quarter worth about $74,000. Finally, KBC Group NV lifted its position in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

CCS opened at $66.88 on Friday. The business has a fifty day moving average of $72.46 and a 200 day moving average of $83.02. The stock has a market cap of $2.07 billion, a P/E ratio of 6.43 and a beta of 2.10. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities has a 52-week low of $66.07 and a 52-week high of $108.42.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, sell-side analysts anticipate that Century Communities will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.73%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio (DPR) is presently 11.15%.

Century Communities Company Profile

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.