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

Shares of Century Communities, Inc. (NYSE:CCS) have been given an average rating of “Hold” by the four research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $101.33.

A number of research firms recently commented on CCS. Wedbush lowered their price target on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research note on Friday, January 31st.

Century Communities Price Performance

NYSE:CCS opened at $53.96 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $62.66 and its two-hundred day moving average price is $73.76. Century Communities has a 12-month low of $52.41 and a 12-month high of $108.42. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 5.19 and a beta of 1.57.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). The firm had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Century Communities’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $2.22 EPS. On average, analysts anticipate that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities’s dividend payout ratio (DPR) is presently 12.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CCS. Versant Capital Management Inc lifted its holdings in shares of Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company’s stock worth $26,000 after purchasing an additional 331 shares in the last quarter. US Bancorp DE lifted its position in shares of Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock valued at $54,000 after acquiring an additional 569 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after acquiring an additional 688 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Century Communities during the 4th quarter valued at $74,000. 99.54% of the stock is 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.