Century Communities, Inc. (NYSE:CCS) Stock Has Average Price Target of $67.00

Century Communities, Inc. (NYSE:CCS) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $67.00.

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Finally, Zacks Research downgraded Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. ProShare Advisors LLC raised its holdings in shares of Century Communities by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock worth $301,000 after acquiring an additional 155 shares during the period. Illinois Municipal Retirement Fund boosted its position in shares of Century Communities by 2.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company’s stock valued at $867,000 after acquiring an additional 359 shares during the last quarter. Nykredit A S purchased a new stake in shares of Century Communities in the second quarter valued at about $26,000. Campbell Newman Asset Management Inc. grew its holdings in shares of Century Communities by 1.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 26,241 shares of the construction company’s stock valued at $1,506,000 after purchasing an additional 440 shares during the period. Finally, Amundi increased its position in Century Communities by 10.3% during the first quarter. Amundi now owns 5,079 shares of the construction company’s stock worth $291,000 after purchasing an additional 475 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Performance

CCS opened at $62.60 on Friday. The firm has a fifty day moving average price of $66.53 and a 200 day moving average price of $61.70. Century Communities has a 1 year low of $47.28 and a 1 year high of $76.00. The stock has a market cap of $1.78 billion, a P/E ratio of 13.73 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The company had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. During the same quarter last year, the business earned $1.37 earnings per share. The firm’s revenue was down 8.1% on a year-over-year basis. Equities research analysts anticipate that Century Communities will post 4.86 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were given a $0.32 dividend. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. Century Communities’s payout ratio is 28.07%.

Century Communities Company Profile

Century Communities, Inc is a homebuilding company headquartered in Denver, Colorado. Founded in 2002, the company develops and constructs single-family homes and townhomes for first-time, move-up and active-adult buyers.

The company markets homes under the Century Communities and Century Complete brands. Century Communities generally offers homes through its traditional sales model, while Century Complete focuses on streamlined, value-oriented homebuying, including online purchasing in select communities.