Century Communities, Inc. (NYSE:CCS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Century Communities, Inc. (NYSE:CCS) have been given an average rating of “Moderate Buy” by the two analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $107.50.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ausbil Investment Management Ltd bought a new stake in shares of Century Communities during the 3rd quarter worth approximately $618,000. Seven Eight Capital LP purchased a new stake in shares of Century Communities during the second quarter valued at $624,000. Quest Partners LLC lifted its holdings in Century Communities by 314.1% during the 3rd quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock valued at $1,470,000 after buying an additional 10,827 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Century Communities by 15.9% during the second quarter. Point72 Asset Management L.P. now owns 41,733 shares of the construction company’s stock worth $3,408,000 after acquiring an additional 5,733 shares during the period. Finally, Pier Capital LLC increased its position in shares of Century Communities by 33.0% during the second quarter. Pier Capital LLC now owns 99,171 shares of the construction company’s stock worth $8,098,000 after acquiring an additional 24,630 shares during the period. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Trading Down 0.0 %

Shares of CCS stock opened at $84.80 on Friday. The stock has a fifty day simple moving average of $91.39 and a two-hundred day simple moving average of $91.83. Century Communities has a 52-week low of $74.76 and a 52-week high of $108.42. The firm has a market capitalization of $2.66 billion, a PE ratio of 8.45 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63.

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

Century Communities Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.23%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

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.