Century Communities, Inc. (NYSE:CCS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Century Communities, Inc. (NYSE:CCS) have earned an average rating of “Moderate Buy” from the four brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $85.00.

Several research firms have recently issued reports on CCS. B. Riley began coverage on shares of Century Communities in a research report on Monday, June 30th. They issued a “buy” rating and a $70.00 price target on the stock. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Finally, Wedbush lowered their price target on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th.

Century Communities Stock Performance

NYSE CCS opened at $66.1030 on Wednesday. The company has a market capitalization of $1.96 billion, a PE ratio of 8.07 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. Century Communities has a 52-week low of $50.42 and a 52-week high of $108.42. The company has a 50-day simple moving average of $58.97 and a 200 day simple moving average of $61.59.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. During the same quarter last year, the company earned $2.65 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, research analysts predict that Century Communities will post 11.07 EPS for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. Century Communities’s payout ratio is 14.16%.

Hedge Funds Weigh In On Century Communities

Several hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC grew its stake in Century Communities by 7.8% during the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after acquiring an additional 173 shares in the last quarter. Sigma Planning Corp grew its stake in Century Communities by 4.2% during the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock valued at $330,000 after acquiring an additional 200 shares in the last quarter. US Bancorp DE grew its stake in Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. Benjamin Edwards Inc. grew its stake in Century Communities by 4.7% during the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock valued at $394,000 after acquiring an additional 266 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Century Communities by 17.4% during the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock valued at $104,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 99.54% 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 homebuyers.