Analysts Set Century Communities, Inc. (NYSE:CCS) PT at $85.00

Century Communities, Inc. (NYSE:CCS) has received an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $85.00.

A number of research firms recently weighed in on CCS. Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th.

Institutional Investors Weigh In On Century Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCS. Vanguard Group Inc. boosted its position in Century Communities by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company’s stock worth $133,749,000 after purchasing an additional 21,619 shares in the last quarter. Wellington Management Group LLP boosted its position in Century Communities by 32.5% in the 1st quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company’s stock worth $104,592,000 after purchasing an additional 382,408 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after purchasing an additional 282,133 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after purchasing an additional 254,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Century Communities by 8.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 570,335 shares of the construction company’s stock valued at $38,269,000 after buying an additional 42,809 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Stock Up 1.7%

Shares of NYSE CCS opened at $60.66 on Monday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 8.85 and a beta of 1.55. The company has a 50-day moving average price of $63.34 and a 200-day moving average price of $59.61. Century Communities has a 1 year low of $50.42 and a 1 year high of $95.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.54.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. The firm had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The business’s revenue was down 13.8% on a year-over-year basis. During the same period last year, the company earned $2.77 earnings per share. On average, equities research analysts forecast that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities’s payout ratio is currently 16.93%.

About Century Communities

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 homebuyers.