Century Communities, Inc. (NYSE:CCS) Receives $56.50 Consensus Target Price from Analysts

Century Communities, Inc. (NYSE:CCS – Get Rating) has been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $56.50.

A number of equities analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Century Communities in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Wedbush reaffirmed an “outperform” rating and set a $70.00 target price on shares of Century Communities in a research report on Wednesday, April 12th. Finally, B. Riley raised their target price on shares of Century Communities from $49.00 to $56.00 and gave the stock a “neutral” rating in a research report on Thursday, February 2nd.

Century Communities Stock Performance

Century Communities stock opened at $65.10 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.72 and a quick ratio of 1.72. Century Communities has a 1-year low of $39.00 and a 1-year high of $69.82. The firm has a market capitalization of $2.09 billion, a P/E ratio of 5.11 and a beta of 1.74. The company’s 50-day moving average is $63.96 and its 200 day moving average is $58.08.

Century Communities (NYSE:CCS – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The construction company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.29. Century Communities had a net margin of 9.80% and a return on equity of 20.31%. The company had revenue of $735.60 million for the quarter, compared to analyst estimates of $595.35 million. During the same period in the prior year, the company posted $4.20 EPS. The firm’s revenue for the quarter was down 25.6% on a year-over-year basis. Research analysts forecast that Century Communities will post 4.83 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.41%. Century Communities’s dividend payout ratio is presently 7.23%.

Insider Activity

In other news, CFO John Scott Dixon sold 3,173 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $66.72, for a total transaction of $211,702.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Century Communities

A number of hedge funds and other institutional investors have recently modified their holdings of CCS. CX Institutional boosted its stake in Century Communities by 42.8% in the third quarter. CX Institutional now owns 19,070 shares of the construction company’s stock valued at $816,000 after acquiring an additional 5,718 shares in the last quarter. RK Capital Management LLC boosted its stake in Century Communities by 153.3% in the third quarter. RK Capital Management LLC now owns 188,700 shares of the construction company’s stock valued at $8,073,000 after acquiring an additional 114,200 shares in the last quarter. Islay Capital Management LLC boosted its stake in Century Communities by 31.0% in the fourth quarter. Islay Capital Management LLC now owns 8,987 shares of the construction company’s stock valued at $449,000 after acquiring an additional 2,128 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Century Communities in the fourth quarter valued at approximately $1,436,000. Finally, Diamond Hill Capital Management Inc. boosted its stake in Century Communities by 295.8% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 104,668 shares of the construction company’s stock valued at $5,234,000 after acquiring an additional 78,223 shares in the last quarter. 88.86% of the stock is currently owned by institutional investors.

About Century Communities

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Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following segments: West, Mountain, Texas, Southeast, Century Complete, and Financial Services. The West segment refers to projects in California and Washington.