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

Century Communities, Inc. (NYSE:CCS – Get Free Report) has earned an average rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $67.00.

A number of equities research analysts recently commented on CCS shares. Zelman & Associates cut shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Century Communities by 6.5% during the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after purchasing an additional 910 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Century Communities by 138.0% during the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after buying an additional 41,653 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Century Communities by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after buying an additional 529 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 1,135 shares during the period. Finally, Intech Investment Management LLC lifted its stake in shares of Century Communities by 16.7% during the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after buying an additional 3,026 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of CCS stock opened at $64.55 on Monday. The stock has a fifty day moving average price of $68.22 and a 200 day moving average price of $62.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market cap of $1.84 billion, a PE ratio of 14.16 and a beta of 1.30. Century Communities has a 1 year low of $47.28 and a 1 year high of $76.00.

Century Communities (NYSE:CCS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.67. The business had revenue of $927.23 million during the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share. Sell-side analysts forecast that Century Communities will post 4.86 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 26th will be paid 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 dividend yield of 2.0%. Century Communities’s dividend payout ratio (DPR) is presently 28.07%.

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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