Century Communities, Inc. (NYSE:CCS) Given Consensus Recommendation of “Hold” by Brokerages

Century Communities, Inc. (NYSE:CCS) has been assigned a consensus recommendation of “Hold” from the four analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $103.00.

A number of equities analysts have recently commented on CCS shares. Wedbush reaffirmed a “neutral” rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st.

Institutional Investors Weigh In On Century Communities

A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Century Communities by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after buying an additional 10,453 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Century Communities by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock worth $9,820,000 after purchasing an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Century Communities by 6.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock valued at $38,699,000 after purchasing an additional 34,046 shares during the period. Edgestream Partners L.P. boosted its holdings in Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after buying an additional 46,477 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in Century Communities during the third quarter worth about $543,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Trading Down 1.6 %

NYSE CCS opened at $58.03 on Thursday. Century Communities has a 12 month low of $55.85 and a 12 month high of $108.42. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 5.58 and a beta of 1.76. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s fifty day moving average price is $68.08 and its 200 day moving average price is $79.10.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share 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%. On average, sell-side analysts expect that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio (DPR) is 11.15%.

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.