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

Century Communities, Inc. (NYSE:CCS) has been given a consensus rating of “Hold” by the four ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $101.33.

Separately, Wedbush reduced their price objective on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th.

Century Communities Stock Up 4.0%

Shares of NYSE CCS opened at $55.88 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $56.00 and a two-hundred day simple moving average of $68.57. The firm has a market capitalization of $1.71 billion, a PE ratio of 5.37 and a beta of 1.43. Century Communities has a 12 month low of $50.42 and a 12 month high of $108.42.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 earnings per share. Equities analysts expect that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, May 28th. Century Communities’s dividend payout ratio is currently 12.01%.

Insider Activity

In other Century Communities news, Director Elisa Z. Ramirez purchased 1,500 shares of Century Communities stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average price of $53.86 per share, for a total transaction of $80,790.00. Following the completion of the transaction, the director now owns 8,481 shares of the company’s stock, valued at approximately $456,786.66. This trade represents a 21.49% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 2,400 shares of company stock worth $130,426 over the last quarter. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in Century Communities by 27.9% during the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock worth $17,328,000 after buying an additional 51,589 shares during the period. JPMorgan Chase & Co. boosted its stake in Century Communities by 22.8% during the fourth quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company’s stock worth $18,631,000 after buying an additional 47,171 shares during the period. Principal Financial Group Inc. boosted its stake 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 worth $9,820,000 after buying an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock worth $38,699,000 after buying an additional 34,046 shares during the period. Finally, Edgestream Partners L.P. grew its holdings 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 purchasing an additional 46,477 shares during the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Company Profile

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.