Century Communities (NYSE:CCS) Given New $49.00 Price Target at JPMorgan Chase & Co.

Century Communities (NYSE:CCS) had its target price decreased by JPMorgan Chase & Co. from $56.00 to $49.00 in a report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an underweight rating on the construction company’s stock.

CCS has been the subject of a number of other research reports. Citigroup initiated coverage on Century Communities in a report on Wednesday, January 21st. They set an “outperform” rating for the company. B. Riley reissued a “buy” rating on shares of Century Communities in a research report on Thursday. Citizens Jmp assumed coverage on Century Communities in a research note on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $74.75.

Century Communities Stock Up 0.0%

Shares of Century Communities stock opened at $63.01 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 12.97 and a beta of 1.57. The firm’s 50-day moving average is $63.16 and its two-hundred day moving average is $62.58. Century Communities has a 1 year low of $50.42 and a 1 year high of $78.05.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the business posted $3.54 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, research analysts expect that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm 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 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, November 26th. Century Communities’s dividend payout ratio is currently 23.87%.

Institutional Investors Weigh In On Century Communities

A number of large investors have recently modified their holdings of the business. Traub Capital Management LLC purchased a new position in shares of Century Communities in the 2nd quarter valued at approximately $39,000. EverSource Wealth Advisors LLC increased its stake in Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after purchasing an additional 465 shares in the last quarter. Jones Financial Companies Lllp increased 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 valued at $81,000 after purchasing an additional 1,135 shares in the last quarter. State of Wyoming raised its holdings in shares of Century Communities by 37.3% in the third 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, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Century Communities during the third quarter worth $119,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.