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

Shares of Century Communities, Inc. (NYSE:CCS) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $71.3333.

CCS has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $56.00 target price on shares of Century Communities in a research note on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th.

Institutional Investors Weigh In On Century Communities

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in shares of Century Communities by 9.6% in the 1st 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 during the period. Hsbc Holdings PLC boosted its holdings in Century Communities by 75.4% in the first quarter. Hsbc Holdings PLC now owns 24,295 shares of the construction company’s stock worth $1,625,000 after acquiring an additional 10,442 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Century Communities in the first quarter valued at approximately $91,000. Capital Fund Management S.A. acquired a new stake in Century Communities in the first quarter valued at approximately $1,323,000. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Century Communities by 7.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 80,180 shares of the construction company’s stock valued at $5,380,000 after acquiring an additional 5,620 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

Century Communities Price Performance

Shares of CCS opened at $58.75 on Tuesday. The business has a 50-day moving average of $61.19 and a 200-day moving average of $61.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 8.58 and a beta of 1.53. Century Communities has a 1 year low of $50.42 and a 1 year high of $81.10.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.86 by $0.66. The business 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 revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.77 earnings per share. As a group, equities research analysts anticipate that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, November 26th. Century Communities’s payout ratio is presently 16.93%.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.