Analysts Set Century Communities, Inc. (NYSE:CCS) PT at $74.75

Century Communities, Inc. (NYSE:CCS) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $74.75.

Several research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, January 21st. B. Riley Financial reaffirmed a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Citizens Jmp began coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price target for the company. Finally, Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th.

Insider Activity at Century Communities

In related news, Chairman Dale Francescon sold 100,100 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the sale, the chairman owned 561,662 shares in the company, valued at $40,686,795.28. This represents a 15.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Century Communities

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Century Communities by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after purchasing an additional 72,920 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Century Communities by 9.3% during the 4th quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock worth $96,803,000 after buying an additional 139,141 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Century Communities by 26.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock worth $75,569,000 after buying an additional 282,133 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after buying an additional 254,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Century Communities by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock worth $38,562,000 after buying an additional 32,561 shares in the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Trading Up 0.2%

CCS opened at $57.12 on Thursday. Century Communities has a one year low of $50.42 and a one year high of $76.00. The business’s 50 day moving average price is $63.89 and its 200 day moving average price is $62.66. The stock has a market capitalization of $1.66 billion, a PE ratio of 11.75 and a beta of 1.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.04 billion. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.54 EPS. As a group, equities research analysts expect that Century Communities will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s payout ratio is 26.34%.

About Century Communities

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.