Century Communities (NYSE:CCS) Now Covered by Analysts at Citizens Jmp

Citizens Jmp began coverage on shares of Century Communities (NYSE:CCS) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued a market outperform rating and a $92.00 target price on the construction company’s stock.

A number of other research analysts have also weighed in on CCS. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $56.00 target price on shares of Century Communities in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Citigroup assumed coverage on shares of Century Communities in a report on Wednesday. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.50.

Century Communities Stock Up 4.3%

CCS opened at $69.11 on Wednesday. The firm’s fifty day moving average is $62.15 and its 200 day moving average is $62.33. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 10.09 and a beta of 1.56. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $81.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.66. The business had revenue of $980.28 million during the quarter, compared to the consensus estimate 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 for the quarter was down 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.77 EPS. On average, sell-side analysts forecast that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, November 26th. Century Communities’s payout ratio is presently 16.93%.

Hedge Funds Weigh In On Century Communities

Several institutional investors have recently bought and sold shares of CCS. Traub Capital Management LLC purchased a new stake in shares of Century Communities during the 2nd quarter worth $39,000. EverSource Wealth Advisors LLC boosted its position in shares of Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares during the last quarter. State of Wyoming grew its stake in Century Communities by 37.3% during the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after buying an additional 447 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Century Communities by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock valued at $104,000 after purchasing an additional 275 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

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.