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

Shares of Century Communities, Inc. (NYSE:CCSGet Free Report) have been assigned an average rating of “Reduce” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $67.00.

A number of research firms have recently commented on CCS. B. Riley Financial cut Century Communities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $75.00 to $64.00 in a research report on Thursday, April 23rd. Weiss Ratings lowered Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Zelman & Associates cut shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th.

Read Our Latest Report on CCS

Century Communities Price Performance

Shares of NYSE:CCS traded up $0.61 during trading on Friday, reaching $65.20. 140,244 shares of the company’s stock traded hands, compared to its average volume of 352,531. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44. Century Communities has a fifty-two week low of $47.28 and a fifty-two week high of $76.00. The company has a 50-day simple moving average of $58.79 and a 200-day simple moving average of $61.46. The firm has a market cap of $1.88 billion, a PE ratio of 14.68 and a beta of 1.29.

Century Communities (NYSE:CCSGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.27. The company had revenue of $789.67 million during the quarter, compared to analysts’ expectations of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.Century Communities’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. As a group, analysts predict that Century Communities will post 3.84 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a $0.32 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. Century Communities’s dividend payout ratio (DPR) is presently 28.83%.

Hedge Funds Weigh In On Century Communities

A number of institutional investors have recently added to or reduced their stakes in the stock. Axiom Investment Management LLC purchased a new stake in shares of Century Communities in the 1st quarter valued at approximately $287,000. EMG Holdings L.P. lifted its holdings in Century Communities by 307.2% in the first quarter. EMG Holdings L.P. now owns 56,285 shares of the construction company’s stock valued at $3,230,000 after acquiring an additional 42,464 shares during the last quarter. Bank of America Corp DE grew its position in Century Communities by 4.9% in the first quarter. Bank of America Corp DE now owns 153,996 shares of the construction company’s stock worth $8,836,000 after acquiring an additional 7,134 shares during the period. Amundi increased its stake in Century Communities by 10.3% during the first quarter. Amundi now owns 5,079 shares of the construction company’s stock worth $291,000 after acquiring an additional 475 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in Century Communities by 32.9% in the first quarter. California State Teachers Retirement System now owns 32,443 shares of the construction company’s stock valued at $1,862,000 after purchasing an additional 8,026 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Company Profile

(Get Free Report)

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

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Analyst Recommendations for Century Communities (NYSE:CCS)

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