Century Communities, Inc. (NYSE:CCS) Stock Has Consensus Price Target of $67.00

Shares of Century Communities, Inc. (NYSE:CCS) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $67.00.

A number of brokerages have commented on CCS. Zacks Research cut Century Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Weiss Ratings raised Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Finally, Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th.

Century Communities Stock Performance

NYSE:CCS opened at $58.03 on Tuesday. The company has a market cap of $1.65 billion, a P/E ratio of 12.73 and a beta of 1.28. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $61.76 and its two-hundred day moving average is $61.65. Century Communities has a fifty-two week low of $47.28 and a fifty-two week high of $76.00.

Century Communities (NYSE:CCS) last released its quarterly earnings data 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. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The company had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. During the same period in the previous year, the firm earned $1.37 earnings per share. Century Communities’s revenue for the quarter was down 8.1% on a year-over-year basis. Analysts expect that Century Communities will post 4.86 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were paid a $0.32 dividend. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 annualized dividend and a dividend yield of 2.2%. Century Communities’s dividend payout ratio is 28.07%.

Hedge Funds Weigh In On Century Communities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCS. Nykredit A S acquired a new position in shares of Century Communities in the 2nd quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its stake in Century Communities by 287.4% in the third quarter. Farther Finance Advisors LLC now owns 430 shares of the construction company’s stock valued at $26,000 after acquiring an additional 319 shares during the period. Versant Capital Management Inc grew its holdings in shares of Century Communities by 56.3% during the third quarter. Versant Capital Management Inc now owns 644 shares of the construction company’s stock valued at $39,000 after purchasing an additional 232 shares during the last quarter. State of Wyoming bought a new position in shares of Century Communities during the second quarter valued at approximately $82,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Century Communities in the 2nd quarter worth approximately $83,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.