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

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

Several equities analysts recently issued reports on the company. Wedbush restated 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. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and reduced their price target for the stock from $110.00 to $97.00 in a research report on Friday, December 13th.

Century Communities Stock Performance

Shares of NYSE CCS opened at $69.48 on Wednesday. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 6.68 and a beta of 1.92. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities has a 1-year low of $68.49 and a 1-year high of $108.42. The stock’s 50-day moving average is $74.01 and its 200 day moving average is $86.91.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 anticipate that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.29 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Wednesday, February 26th. Century Communities’s dividend payout ratio (DPR) is currently 11.15%.

Institutional Investors Weigh In On Century Communities

A number of large investors have recently made changes to their positions in the business. First Trust Advisors LP boosted its position in shares of Century Communities by 67.3% during the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company’s stock valued at $82,200,000 after purchasing an additional 450,914 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Century Communities by 51.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company’s stock valued at $49,834,000 after purchasing an additional 230,113 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Century Communities by 660.5% during the fourth quarter. Marshall Wace LLP now owns 202,518 shares of the construction company’s stock valued at $14,857,000 after purchasing an additional 175,887 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Century Communities by 140.2% during the fourth quarter. Squarepoint Ops LLC now owns 177,413 shares of the construction company’s stock valued at $13,015,000 after purchasing an additional 103,564 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of Century Communities by 14.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company’s stock valued at $58,791,000 after purchasing an additional 99,136 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

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.