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

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

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

Century Communities Price Performance

CCS opened at $74.42 on Wednesday. Century Communities has a 52 week low of $68.49 and a 52 week high of $108.42. The company has a fifty day moving average price of $74.49 and a two-hundred day moving average price of $87.40. The firm has a market capitalization of $2.30 billion, a PE ratio of 7.16 and a beta of 1.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

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

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Wednesday, February 26th. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is 11.15%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Quest Partners LLC increased its holdings in Century Communities by 314.1% during the 3rd quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock valued at $1,470,000 after purchasing an additional 10,827 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Century Communities by 5.3% in the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after purchasing an additional 10,453 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of Century Communities during the 3rd quarter valued at $543,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Century Communities during the 3rd quarter worth $711,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Century Communities during the 3rd quarter worth approximately $1,771,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

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 homebuyers.