Century Communities, Inc. (NYSE:CCS) Receives $74.75 Average Target Price from Analysts

Century Communities, Inc. (NYSE:CCS) has earned an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $74.75.

Several brokerages recently commented on CCS. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Citizens Jmp began coverage on Century Communities in a research note on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Citigroup initiated coverage on Century Communities in a research report on Wednesday, January 21st. They issued an “outperform” rating for the company. Finally, B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th.

Century Communities Price Performance

Shares of CCS stock opened at $57.83 on Thursday. The stock’s fifty day simple moving average is $63.75 and its 200 day simple moving average is $62.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 11.90 and a beta of 1.56. Century Communities has a one year low of $50.42 and a one year high of $76.00.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.39 by $0.20. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.04 billion. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.Century Communities’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.54 EPS. On average, analysts expect that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s dividend payout ratio is presently 26.34%.

Insider Transactions at Century Communities

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of Century Communities stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the transaction, the chairman owned 561,662 shares in the company, valued at approximately $40,686,795.28. The trade was a 15.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.90% of the company’s stock.

Hedge Funds Weigh In On Century Communities

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Century Communities by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after purchasing an additional 72,920 shares during the last quarter. Wellington Management Group LLP raised its position in Century Communities by 9.3% in the 4th quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after purchasing an additional 139,141 shares during the last quarter. Westwood Holdings Group Inc. raised its position in Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock valued at $75,569,000 after purchasing an additional 282,133 shares during the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after buying an additional 254,186 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Century Communities by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock valued at $38,562,000 after buying an additional 32,561 shares during the period. Institutional investors own 99.54% of the company’s stock.

About Century Communities

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.