Century Communities, Inc. (NYSE:CCS – Get Free Report) has been given an average rating of “Reduce” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $67.00.
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped 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. B. Riley Financial cut Century Communities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings lowered shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th.
Check Out Our Latest Research Report on Century Communities
Century Communities Price Performance
Century Communities (NYSE:CCS – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. The company had revenue of $789.67 million for the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The firm’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Equities research analysts expect that Century Communities will post 3.84 EPS for the current fiscal year.
Century Communities Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Century Communities’s dividend payout ratio (DPR) is presently 28.83%.
Hedge Funds Weigh In On Century Communities
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in Century Communities by 207.6% during the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after acquiring an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after acquiring an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Century Communities during the fourth quarter valued at approximately $70,000. Meeder Asset Management Inc. bought a new position in Century Communities during the first quarter valued at approximately $81,000. Finally, Jones Financial Companies Lllp raised its position in Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.
About Century Communities
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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