Century Communities, Inc. (NYSE:CCS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Century Communities, Inc. (NYSE:CCS) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $74.75.

CCS has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. B. Riley Financial reaffirmed a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Citigroup started coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set an “outperform” rating on the stock. Citizens Jmp began coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price objective for the company. Finally, Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th.

Century Communities Price Performance

Shares of NYSE CCS opened at $72.63 on Wednesday. The firm has a 50-day simple moving average of $63.70 and a 200-day simple moving average of $62.94. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 14.94 and a beta of 1.58. Century Communities has a 52 week low of $50.42 and a 52 week high of $75.01.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.20. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. Century Communities’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.54 EPS. On average, equities analysts predict 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 will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.32 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, February 25th. Century Communities’s payout ratio is currently 23.87%.

Institutional Investors Weigh In On Century Communities

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC grew its holdings in shares of Century Communities by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock valued at $301,000 after purchasing an additional 155 shares in the last quarter. Lazard Asset Management LLC boosted its position in Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after buying an additional 173 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Century Communities by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock worth $793,000 after acquiring an additional 173 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Century Communities by 8.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the construction company’s stock worth $159,000 after acquiring an additional 185 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Century Communities by 4.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,917 shares of the construction company’s stock worth $312,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.