Century Communities, Inc. (NYSE:CCS) Receives $71.33 Consensus Price Target from Brokerages

Century Communities, Inc. (NYSE:CCS) has received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $71.3333.

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $56.00 price target on shares of Century Communities in a research report on Thursday, December 4th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th.

Hedge Funds Weigh In On Century Communities

Several large investors have recently modified their holdings of the stock. Penserra Capital Management LLC boosted its stake in shares of Century Communities by 34.9% in the second quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock valued at $257,000 after buying an additional 1,180 shares during the period. Westwood Holdings Group Inc. increased its stake in Century Communities by 26.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after acquiring an additional 282,133 shares during the period. American Century Companies Inc. raised its holdings in Century Communities by 9.6% in the 1st quarter. American Century Companies Inc. now owns 63,659 shares of the construction company’s stock valued at $4,272,000 after acquiring an additional 5,600 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Century Communities in the 2nd quarter valued at $582,000. Finally, Creative Planning lifted its position in shares of Century Communities by 117.2% during the 2nd quarter. Creative Planning now owns 37,891 shares of the construction company’s stock valued at $2,134,000 after acquiring an additional 20,447 shares during the period. 99.54% of the stock is owned by institutional investors.

Century Communities Trading Up 1.1%

Shares of Century Communities stock opened at $59.62 on Tuesday. The stock has a market cap of $1.75 billion, a P/E ratio of 8.70 and a beta of 1.53. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. Century Communities has a 12-month low of $50.42 and a 12-month high of $81.10. The business’s 50 day moving average is $61.07 and its 200-day moving average is $61.37.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.66. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The business had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. During the same period last year, the business earned $2.77 earnings per share. The firm’s revenue was down 13.8% on a year-over-year basis. Equities research analysts predict that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, November 26th. Century Communities’s payout ratio is 16.93%.

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.