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

Shares of Century Communities, Inc. (NYSE:CCS) have received an average rating of “Hold” from the four ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $103.00.

Several equities analysts have weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates raised shares of Century Communities to a “hold” rating in a research note on Friday, January 31st.

Hedge Funds Weigh In On Century Communities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its holdings in Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock worth $26,000 after purchasing an additional 331 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after purchasing an additional 569 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of Century Communities by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after purchasing an additional 688 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Century Communities during the fourth quarter worth $74,000. Finally, KBC Group NV increased its holdings in Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

NYSE:CCS opened at $58.03 on Thursday. The firm has a market cap of $1.78 billion, a P/E ratio of 5.58 and a beta of 1.76. The stock has a 50 day moving average of $68.08 and a two-hundred day moving average of $79.10. Century Communities has a 12 month low of $55.85 and a 12 month high of $108.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, analysts expect that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s payout ratio is 11.15%.

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.