Century Communities, Inc. (NYSE:CCS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Century Communities, Inc. (NYSE:CCS) have received an average rating of “Hold” from the three ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $104.00.

A number of research analysts recently weighed in on the company. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. B. Riley reaffirmed a “buy” rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Finally, Wedbush raised their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Stock Down 4.4 %

Shares of CCS opened at $69.08 on Tuesday. The company’s 50-day simple moving average is $82.69 and its 200-day simple moving average is $90.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. Century Communities has a 1 year low of $68.90 and a 1 year high of $108.42. The stock has a market capitalization of $2.16 billion, a PE ratio of 6.89 and a beta of 1.91.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.58 earnings per share. Analysts forecast that Century Communities will post 10.95 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio is 10.37%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in shares of Century Communities by 444.7% during the third quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock valued at $37,302,000 after buying an additional 295,729 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in Century Communities in the 2nd quarter worth about $7,419,000. Westwood Holdings Group Inc. grew its stake in shares of Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after buying an additional 89,310 shares in the last quarter. Marshall Wace LLP increased its holdings in Century Communities by 84.9% in the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after buying an additional 66,029 shares during the last quarter. Finally, Algert Global LLC raised its position in Century Communities by 86.9% during the second quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock valued at $10,069,000 after acquiring an additional 57,341 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.