Analysts Set Century Communities, Inc. (NYSE:CCS) Price Target at $84.75

Shares of Century Communities, Inc. (NYSE:CCS) have earned a consensus rating of “Buy” from the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $82.75.

Several equities analysts have recently issued reports on the stock. Zelman & Associates raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Thursday, July 29th. Zacks Investment Research lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Monday, October 4th. Wedbush upped their price objective on Century Communities from $92.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 29th.
Finally, B. Riley reduced their price target on Century Communities from $110.00 to $102.00 and set a “buy” rating for the company in a report on Tuesday.

In other Century Communities news, CEO Robert J. Francescon sold 90,000 shares of the company’s stock in a transaction on Wednesday, August 11th. The shares were sold at an average price of $72.08, for a total transaction of $6,487,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCS. Lazard Asset Management LLC bought a new position in shares of Century Communities during the 1st quarter valued at $38,000. Paragon Wealth Strategies LLC bought a new position in shares of Century Communities during the second quarter valued at approximately $38,000. Dark Forest Capital Management LP purchased a new position in shares of Century Communities during the second quarter valued at about $41,000. Harvest Fund Management Co. Ltd purchased a new stake in Century Communities in the first quarter worth about $57,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Century Communities in the second quarter worth $57,000. 85.55% of the stock is currently owned by institutional investors and hedge funds.

CCS stock opened at $61.52 on Monday. The business’s 50 day moving average is $66.80 and its 200-day moving average is $67.87. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.61. Century Communities has a 1-year low of $38.08 and a 1-year high of $83.20. The firm has a market cap of $2.08 billion, a P/E ratio of 5.77 and a beta of 1.95.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 28th. The construction company reported $3.47 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.65. Century Communities had a net margin of 9.42% and a return on equity of 27.19%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Sell-side analysts forecast that Century Communities will post 13.65 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Tuesday, August 31st. Century Communities’s payout ratio is 9.65%.

About Century Communities

Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, Southeast, and Wade Journey Homes. The West segment refers to Southern California, Central Valley, Bay Area and Washington.

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Analyst Recommendations for Century Communities (NYSE:CCS)

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