Century Communities (NYSE:CCS) Price Target Cut to $88.00 by Analysts at Wedbush

Century Communities (NYSE:CCS) had its price objective decreased by Wedbush from $93.00 to $88.00 in a report published on Thursday morning,Benzinga reports. Wedbush currently has a neutral rating on the construction company’s stock.

Separately, Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.33.

Century Communities Stock Down 6.2 %

CCS stock opened at $56.36 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities has a 12 month low of $53.75 and a 12 month high of $108.42. The firm has a market capitalization of $1.73 billion, a PE ratio of 5.42 and a beta of 1.76. The company’s 50 day simple moving average is $66.38 and its 200-day simple moving average is $77.38.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The firm had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities analysts expect that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities’s dividend payout ratio (DPR) is presently 11.15%.

Hedge Funds Weigh In On Century Communities

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Century Communities by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock valued at $21,296,000 after purchasing an additional 10,453 shares during the period. Principal Financial Group Inc. raised its position in Century Communities by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after buying an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Century Communities by 6.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock worth $38,699,000 after acquiring an additional 34,046 shares during the period. Invesco Ltd. increased its holdings in shares of Century Communities by 27.9% in the 4th quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock valued at $17,328,000 after purchasing an additional 51,589 shares during the period. Finally, Edgestream Partners L.P. increased its stake in shares of Century Communities by 257.7% in the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after acquiring an additional 46,477 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.