Century Communities, Inc. (NYSE:CCS) Receives $104.00 Average PT from Analysts

Shares of Century Communities, Inc. (NYSE:CCS) have earned an average rating of “Hold” from the three brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $104.00.

CCS has been the topic of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and cut their price objective for the company from $110.00 to $97.00 in a research report on Friday, December 13th. Wedbush boosted their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th.

Century Communities Stock Up 1.2 %

CCS stock opened at $72.12 on Tuesday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 7.19 and a beta of 1.91. Century Communities has a twelve month low of $69.82 and a twelve month high of $108.42. The business has a 50 day moving average price of $83.08 and a two-hundred day moving average price of $90.84. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the business earned $2.58 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis. Analysts anticipate that Century Communities will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.44%. Century Communities’s dividend payout ratio is currently 10.37%.

Hedge Funds Weigh In On Century Communities

Large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in Century Communities during the 3rd quarter worth $51,000. GAMMA Investing LLC lifted its holdings in Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after buying an additional 287 shares during the period. Signaturefd LLC boosted its position in Century Communities by 14.1% during the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after acquiring an additional 161 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Century Communities during the 3rd quarter worth about $144,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Century Communities in the 2nd quarter worth about $180,000. 99.54% of the stock is currently owned by institutional investors.

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.