Century Communities, Inc. (NYSE:CCS) Receives Consensus Rating of “Hold” from Analysts

Shares of Century Communities, Inc. (NYSE:CCS) have been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $71.3333.

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

Institutional Trading of Century Communities

Hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC lifted its position in shares of Century Communities by 34.9% during the 2nd quarter. Penserra Capital Management LLC now owns 4,565 shares of the construction company’s stock worth $257,000 after purchasing an additional 1,180 shares during the last quarter. American Century Companies Inc. raised its stake in Century Communities by 9.6% in the first quarter. American Century Companies Inc. now owns 63,659 shares of the construction company’s stock valued at $4,272,000 after buying an additional 5,600 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Century Communities during the 2nd quarter worth about $582,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Century Communities during the 1st quarter worth about $311,000. Finally, Jump Financial LLC boosted its position in shares of Century Communities by 109.7% during the 1st quarter. Jump Financial LLC now owns 14,188 shares of the construction company’s stock worth $952,000 after acquiring an additional 7,421 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Trading Down 5.6%

Shares of Century Communities stock opened at $62.46 on Friday. The stock’s 50 day simple moving average is $61.09 and its 200-day simple moving average is $60.37. The stock has a market cap of $1.84 billion, a P/E ratio of 9.12 and a beta of 1.53. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54. Century Communities has a 1-year low of $50.42 and a 1-year high of $89.00.

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

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. Century Communities’s dividend payout ratio (DPR) is presently 16.93%.

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.