Century Communities, Inc. (NYSE:CCS) has received an average rating of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $77.67.
CCS has been the subject of several analyst reports. B. Riley raised their target price on shares of Century Communities from $77.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, April 29th. Wedbush raised their target price on shares of Century Communities from $75.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Wells Fargo & Company assumed coverage on shares of Century Communities in a report on Wednesday, April 21st. They set an “overweight” rating and a $65.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a report on Monday, May 3rd.
In other news, CFO David L. Messenger sold 50,000 shares of the business’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $74.80, for a total value of $3,740,000.00. Following the completion of the sale, the chief financial officer now owns 137,981 shares in the company, valued at approximately $10,320,978.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.80% of the company’s stock.
CCS opened at $66.79 on Tuesday. Century Communities has a fifty-two week low of $28.00 and a fifty-two week high of $83.20. The stock has a market capitalization of $2.25 billion, a PE ratio of 8.00 and a beta of 1.96. The company’s fifty day moving average is $72.25. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.65.
Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, April 28th. The construction company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $1.48. Century Communities had a net margin of 7.90% and a return on equity of 22.91%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $795.95 million. On average, analysts anticipate that Century Communities will post 11.73 earnings per share for the current year.
The firm also recently declared a — dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Wednesday, June 2nd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, June 1st. This represents a dividend yield of 0.74%. Century Communities’s dividend payout ratio is currently 9.65%.
Century Communities Company Profile
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 home buyers.
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