Analysts Set Century Communities, Inc. (NYSE:CCS) Price Target at $103.00

Shares of Century Communities, Inc. (NYSE:CCS) have earned a consensus recommendation of “Hold” from the three research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $103.00.

A number of equities analysts recently issued reports on the company. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and cut their price target for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. B. Riley reaffirmed a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. Finally, Wedbush reaffirmed a “neutral” rating and set a $93.00 price target (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th.

Hedge Funds Weigh In On Century Communities

Institutional investors have recently modified their holdings of the business. Signaturefd LLC grew its holdings in shares of Century Communities by 14.1% during the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock worth $134,000 after purchasing an additional 161 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Century Communities by 7.8% during the third quarter. Park Avenue Securities LLC now owns 3,484 shares of the construction company’s stock worth $359,000 after buying an additional 253 shares during the period. GAMMA Investing LLC boosted its stake in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after buying an additional 287 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Century Communities by 3.6% during the third quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock worth $956,000 after buying an additional 319 shares during the period. Finally, KBC Group NV boosted its stake in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after buying an additional 403 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of CCS opened at $74.61 on Friday. Century Communities has a 12 month low of $68.49 and a 12 month high of $108.42. The stock has a fifty day moving average price of $79.08 and a 200-day moving average price of $90.10. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.31 billion, a PE ratio of 7.17 and a beta of 1.92.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Equities research analysts predict that Century Communities will post 12.1 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, November 27th. Century Communities’s payout ratio is 10.00%.

Century Communities Company Profile

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.