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 six brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $85.00.

CCS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. B. Riley initiated coverage on shares of Century Communities in a research note on Monday, June 30th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th.

Hedge Funds Weigh In On Century Communities

Hedge funds have recently made changes to their positions in the business. US Bancorp DE raised its stake in shares of Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after acquiring an additional 232 shares during the period. Traub Capital Management LLC purchased a new position in shares of Century Communities in the 2nd quarter valued at $39,000. EverSource Wealth Advisors LLC increased its stake in Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after buying an additional 465 shares during the period. Covestor Ltd increased its stake in Century Communities by 104.5% during the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock worth $73,000 after buying an additional 555 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

NYSE:CCS opened at $57.77 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.71 billion, a P/E ratio of 7.05 and a beta of 1.55. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $104.21. The firm’s 50 day moving average is $64.28 and its two-hundred day moving average is $59.68.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $910.70 million. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. Century Communities’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 earnings per share. Analysts expect that Century Communities will post 11.07 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities’s dividend payout ratio (DPR) is currently 14.16%.

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.