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

Century Communities, Inc. (NYSE:CCS) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $67.00.

CCS has been the topic of several analyst reports. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Finally, Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th.

Century Communities Stock Down 2.0%

CCS stock opened at $63.57 on Monday. The company has a market capitalization of $1.81 billion, a P/E ratio of 13.94 and a beta of 1.30. Century Communities has a 12 month low of $47.28 and a 12 month high of $76.00. The firm’s fifty day simple moving average is $68.49 and its 200-day simple moving average is $62.47. 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 issued its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.67. The firm had revenue of $927.23 million during the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The firm’s revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 earnings per share. As a group, equities research analysts forecast that Century Communities will post 4.86 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. Century Communities’s payout ratio is presently 28.07%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Nykredit A S acquired a new stake in Century Communities in the 2nd quarter worth about $26,000. Parallel Advisors LLC raised its holdings in shares of Century Communities by 207.6% during the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Century Communities in the fourth quarter valued at approximately $70,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Century Communities in the first quarter valued at approximately $81,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.