Century Communities, Inc. (NYSE:CCS) Receives Average Rating of “Hold” from Brokerages

Shares of Century Communities, Inc. (NYSE:CCS) have received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $76.50.

Several brokerages have commented on CCS. Citizens Jmp started coverage on Century Communities in a research report on Wednesday. They issued a “market outperform” rating and a $92.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $56.00 target price on shares of Century Communities in a research note on Thursday, December 4th. Citigroup started coverage on Century Communities in a research report on Wednesday. They set an “outperform” rating on the stock. Finally, Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th.

Century Communities Price Performance

Century Communities stock opened at $69.11 on Friday. Century Communities has a 52-week low of $50.42 and a 52-week high of $81.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 10.09 and a beta of 1.56. The stock’s 50 day moving average price is $62.15 and its two-hundred day moving average price is $62.33.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, topping the consensus estimate of $0.86 by $0.66. The company had revenue of $980.28 million during the quarter, compared to the consensus estimate of $906.10 million. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The firm’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.77 earnings per share. On average, equities analysts predict that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.16 annualized dividend and a yield of 1.7%. Century Communities’s payout ratio is presently 16.93%.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently added to or reduced their stakes in CCS. Traub Capital Management LLC purchased a new stake in Century Communities in the second quarter worth $39,000. EverSource Wealth Advisors LLC raised its stake in shares of Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares during the period. GAMMA Investing LLC raised its holdings in shares of Century Communities by 17.4% during the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock valued at $104,000 after purchasing an additional 275 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of Century Communities by 37.3% during the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock valued at $104,000 after buying an additional 447 shares during the period. Hedge funds and other institutional investors 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.