Century Communities, Inc. (NYSE:CCS) Receives $67.00 Consensus Target Price from Brokerages

Century Communities, Inc. (NYSE:CCS) has been given an average recommendation of “Reduce” by the seven brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $67.00.

Several research analysts have weighed in on CCS shares. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Weiss Ratings lowered shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CCS. Parallel Advisors LLC lifted its position in shares of Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after buying an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 buying an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Century Communities during the 4th quarter valued at approximately $70,000. Jones Financial Companies Lllp increased its stake in Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Century Communities during the 1st quarter worth approximately $81,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

Shares of Century Communities stock opened at $65.33 on Friday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.71 and a beta of 1.29. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. The stock’s 50-day simple moving average is $59.20 and its 200-day simple moving average is $61.56. Century Communities has a 52 week low of $47.28 and a 52 week high of $76.00.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.27. The firm had revenue of $789.67 million during the quarter, compared to analysts’ expectations of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The firm’s revenue was down 16.9% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. As a group, analysts expect that Century Communities will post 3.84 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 27th. Century Communities’s dividend payout ratio is 28.83%.

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.