Century Communities, Inc. (NYSE:CCS) Receives $67.00 Average Target Price from Analysts

Century Communities, Inc. (NYSE:CCSGet Free Report) has earned a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $67.00.

Several research analysts have recently commented on CCS shares. Weiss Ratings raised Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. decreased their target price on Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a report on Wednesday, April 29th. Finally, Zelman & Associates lowered Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th.

Get Our Latest Stock Report on CCS

Institutional Investors Weigh In On Century Communities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ieq Capital LLC bought a new position in shares of Century Communities in the second quarter worth about $721,000. Heartland Advisors Inc. bought a new stake in shares of Century Communities during the second quarter valued at approximately $37,006,000. Denali Advisors LLC acquired a new stake in shares of Century Communities in the second quarter valued at approximately $2,495,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Century Communities in the second quarter valued at approximately $437,000. Finally, BlackRock Inc. acquired a new stake in shares of Century Communities in the second quarter valued at approximately $367,973,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Trading Down 0.6%

Shares of Century Communities stock opened at $70.41 on Thursday. Century Communities has a 12-month low of $47.28 and a 12-month high of $76.00. The stock has a market capitalization of $2.00 billion, a P/E ratio of 15.44 and a beta of 1.30. The company has a 50-day simple moving average of $65.89 and a 200 day simple moving average of $62.29. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCSGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.67. The firm had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 earnings per share. Research analysts expect that Century Communities will post 4.86 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Century Communities’s dividend payout ratio is currently 28.07%.

About Century Communities

(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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