Century Communities, Inc. (NYSE:CCS) Receives $85.00 Average PT from Brokerages

Century Communities, Inc. (NYSE:CCS) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $85.00.

Several equities research analysts recently issued reports on CCS shares. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research report on Wednesday. Finally, B. Riley started coverage on Century Communities in a research report on Monday, June 30th. They set a “buy” rating and a $70.00 price target on the stock.

Institutional Investors Weigh In On Century Communities

Several large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its position in Century Communities by 7.8% in the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock worth $134,000 after buying an additional 173 shares during the period. Sigma Planning Corp increased its position in Century Communities by 4.2% in the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock worth $330,000 after buying an additional 200 shares during the period. US Bancorp DE increased its position in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after buying an additional 232 shares during the period. Benjamin Edwards Inc. increased its position in Century Communities by 4.7% in the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock worth $394,000 after buying an additional 266 shares during the period. Finally, GAMMA Investing LLC increased its position in Century Communities by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after buying an additional 275 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Performance

Century Communities stock opened at $57.63 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.71 billion, a P/E ratio of 7.04 and a beta of 1.55. Century Communities has a 52 week low of $50.42 and a 52 week high of $104.21. The stock has a 50 day moving average of $64.32 and a 200-day moving average of $59.81.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.65 EPS. On average, analysts expect that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $1.16 annualized dividend and a yield of 2.0%. Century Communities’s dividend payout ratio (DPR) is currently 14.16%.

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.