Century Communities, Inc. (NYSE:CCS) Given Consensus Recommendation of “Hold” by Brokerages

Century Communities, Inc. (NYSE:CCS) has earned an average recommendation of “Hold” from the four ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $101.33.

Separately, Wedbush decreased their price objective on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th.

Century Communities Price Performance

NYSE CCS opened at $54.74 on Friday. Century Communities has a 52-week low of $50.42 and a 52-week high of $108.42. The firm’s 50 day moving average price is $55.62 and its 200-day moving average price is $68.20. The company has a market cap of $1.67 billion, a PE ratio of 5.26 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The firm had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. During the same quarter last year, the firm earned $2.22 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. Sell-side analysts forecast that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities’s payout ratio is 12.01%.

Insider Buying and Selling

In other news, Director Elisa Z. Ramirez acquired 500 shares of the business’s stock in a transaction on Friday, May 9th. The stock was bought at an average price of $54.68 per share, with a total value of $27,340.00. Following the completion of the acquisition, the director now owns 8,981 shares of the company’s stock, valued at approximately $491,081.08. This represents a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased a total of 2,400 shares of company stock valued at $130,426 over the last ninety days. Company insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Century Communities

A number of hedge funds have recently bought and sold shares of CCS. Versant Capital Management Inc raised its holdings in shares of Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock valued at $26,000 after acquiring an additional 331 shares during the last quarter. US Bancorp DE increased its position in shares of Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Century Communities by 336.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after acquiring an additional 569 shares during the period. Sterling Capital Management LLC raised its position in Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after purchasing an additional 688 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Century Communities during the 4th quarter worth about $74,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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 homebuyers.