Century Communities, Inc. (NYSE:CCS) Receives Consensus Recommendation of “Hold” from Analysts

Century Communities, Inc. (NYSE:CCS) has been assigned an average rating of “Hold” from the three brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $104.00.

CCS has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price objective for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Wedbush upped their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. B. Riley reiterated 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. Finally, StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. lifted its stake in shares of Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after purchasing an additional 89,310 shares during the last quarter. Jennison Associates LLC raised its holdings in Century Communities by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock valued at $56,063,000 after buying an additional 49,256 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Century Communities by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after buying an additional 16,397 shares during the period. Franklin Resources Inc. lifted its position in Century Communities by 11.6% in the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock valued at $48,502,000 after buying an additional 51,021 shares during the last quarter. Finally, Basswood Capital Management L.L.C. boosted its stake in Century Communities by 11.8% during the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock worth $44,896,000 after buying an additional 46,104 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Price Performance

NYSE:CCS opened at $71.55 on Tuesday. The firm has a market cap of $2.24 billion, a P/E ratio of 7.13 and a beta of 1.91. The stock has a 50 day moving average of $84.54 and a two-hundred day moving average of $91.23. Century Communities has a 12 month low of $71.51 and a 12 month high of $108.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating 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 firm 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 earned $2.58 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. On average, analysts expect that Century Communities will post 10.95 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were issued 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 dividend yield of 1.45%. Century Communities’s dividend payout ratio is currently 10.37%.

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.