Century Communities, Inc. (NYSE:CCS) Given Consensus Rating of “Reduce” by Brokerages

Shares of Century Communities, Inc. (NYSE:CCSGet Free Report) have been given a consensus rating of “Reduce” by the six research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $67.00.

A number of equities analysts have recently commented on the stock. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. Weiss Ratings downgraded shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. lowered their price target on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. Finally, B. Riley Financial lowered shares of 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 report on Thursday, April 23rd.

View Our Latest Analysis on Century Communities

Century Communities Stock Performance

Shares of CCS stock opened at $62.55 on Tuesday. The company’s fifty day simple moving average is $56.60 and its 200-day simple moving average is $60.88. Century Communities has a 52 week low of $47.28 and a 52 week high of $76.00. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.80 billion, a PE ratio of 14.09 and a beta of 1.34.

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

Century Communities Announces Dividend

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

Institutional Investors Weigh In On Century Communities

A number of large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its holdings in Century Communities by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock valued at $301,000 after purchasing an additional 155 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Century Communities by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock worth $134,000 after acquiring an additional 173 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Century Communities by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock worth $793,000 after acquiring an additional 173 shares in the last quarter. CWM LLC grew its holdings in Century Communities by 1.7% during the 4th quarter. CWM LLC now owns 17,745 shares of the construction company’s stock worth $1,053,000 after acquiring an additional 292 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in Century Communities by 2.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company’s stock worth $867,000 after acquiring an additional 359 shares in the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for Century Communities (NYSE:CCS)

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.