Shares of Century Communities, Inc. (NYSE:CCS) have received an average recommendation of “Buy” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $77.67.
A number of analysts have recently issued reports on CCS shares. Wells Fargo & Company assumed coverage on shares of Century Communities in a report on Wednesday, April 21st. They set an “overweight” rating and a $65.00 price objective for the company. Wedbush boosted their price target on shares of Century Communities from $75.00 to $92.00 and gave the stock an “outperform” rating in a research note on Thursday, April 29th. B. Riley boosted their price target on shares of Century Communities from $77.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, April 29th. Finally, Zacks Investment Research raised shares of Century Communities from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research note on Monday, May 3rd.
CCS opened at $66.79 on Tuesday. Century Communities has a one year low of $28.00 and a one year high of $83.20. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 8.00 and a beta of 1.96. The firm’s fifty day moving average price is $72.25.
The company also recently disclosed a — dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Wednesday, June 2nd will be paid a dividend of $0.15 per share. This represents a dividend yield of 0.74%. The ex-dividend date is Tuesday, June 1st. Century Communities’s dividend payout ratio (DPR) is 9.65%.
In related news, CFO David L. Messenger sold 50,000 shares of the business’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $74.80, for a total transaction of $3,740,000.00. Following the transaction, the chief financial officer now owns 137,981 shares in the company, valued at $10,320,978.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its position in shares of Century Communities by 45.9% during the first quarter. Advisors Asset Management Inc. now owns 423 shares of the construction company’s stock valued at $26,000 after buying an additional 133 shares during the period. Vantage Consulting Group Inc purchased a new position in shares of Century Communities during the fourth quarter valued at about $34,000. Lazard Asset Management LLC purchased a new position in shares of Century Communities during the first quarter valued at about $38,000. Veriti Management LLC purchased a new position in shares of Century Communities during the fourth quarter valued at about $46,000. Finally, US Bancorp DE grew its holdings in Century Communities by 75.3% in the fourth quarter. US Bancorp DE now owns 1,115 shares of the construction company’s stock worth $49,000 after purchasing an additional 479 shares during the period. Institutional investors own 86.63% 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 home buyers.
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