Century Communities, Inc. (NYSE:CCS) Receives $74.75 Consensus Price Target from Brokerages

Century Communities, Inc. (NYSE:CCS) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $74.75.

A number of analysts have commented on the stock. Citigroup assumed coverage on shares of Century Communities in a research note on Wednesday, January 21st. They set an “outperform” rating for the company. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. cut their price target on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a report on Monday, February 2nd. Citizens Jmp assumed coverage on shares of Century Communities in a research report on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price target for the company. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th.

Insider Buying and Selling at Century Communities

In other news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the transaction, the chairman owned 561,662 shares in the company, valued at approximately $40,686,795.28. The trade was a 15.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Century Communities

A number of institutional investors have recently bought and sold shares of CCS. Vanguard Group Inc. grew its stake in Century Communities by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after acquiring an additional 72,920 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Century Communities by 9.3% during the fourth quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock worth $96,803,000 after purchasing an additional 139,141 shares during the period. Westwood Holdings Group Inc. boosted its holdings in shares of Century Communities by 26.6% during the second 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 during the period. Balyasny Asset Management L.P. grew its position in Century Communities by 32.2% during the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after purchasing an additional 254,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Century Communities by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock valued at $38,562,000 after purchasing an additional 32,561 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Down 1.6%

Shares of Century Communities stock opened at $57.64 on Friday. The stock’s fifty day moving average is $66.52 and its 200-day moving average is $63.79. The firm has a market capitalization of $1.67 billion, a PE ratio of 11.86 and a beta of 1.54. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. Century Communities has a 12-month low of $50.42 and a 12-month high of $76.00.

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

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.2%. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, February 25th. Century Communities’s payout ratio is 26.34%.

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.