Century Communities, Inc. (NYSE:CCS) Stock Has Consensus Target Price of $67.00 According to Analysts

Shares of Century Communities, Inc. (NYSE:CCS) have been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $67.00.

A number of equities research analysts recently weighed in on CCS shares. Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 24th. Zacks Research lowered shares of Century Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th.

Institutional Investors Weigh In On Century Communities

Several hedge funds have recently bought and sold shares of CCS. ProShare Advisors LLC increased its position in shares of Century Communities by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock valued at $301,000 after buying an additional 155 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Century Communities by 2.4% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company’s stock worth $867,000 after buying an additional 359 shares during the last quarter. Nykredit A S purchased a new stake in Century Communities during the 2nd quarter worth approximately $26,000. Campbell Newman Asset Management Inc. raised its holdings in shares of Century Communities by 1.7% during the first quarter. Campbell Newman Asset Management Inc. now owns 26,241 shares of the construction company’s stock valued at $1,506,000 after acquiring an additional 440 shares during the last quarter. Finally, Amundi raised its holdings in shares of Century Communities by 10.3% during the first quarter. Amundi now owns 5,079 shares of the construction company’s stock valued at $291,000 after acquiring an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Trading Down 1.8%

NYSE CCS opened at $60.52 on Friday. Century Communities has a one year low of $47.28 and a one year high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.27 and a beta of 1.30. The company’s 50-day simple moving average is $66.42 and its two-hundred day simple moving average is $61.73.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.67. The firm had revenue of $927.23 million during the quarter, compared to analysts’ expectations of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. Equities analysts forecast that Century Communities will post 4.86 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 26th. Century Communities’s dividend payout ratio is presently 28.07%.

About Century Communities

Century Communities, Inc is a homebuilding company headquartered in Denver, Colorado. Founded in 2002, the company develops and constructs single-family homes and townhomes for first-time, move-up and active-adult buyers.

The company markets homes under the Century Communities and Century Complete brands. Century Communities generally offers homes through its traditional sales model, while Century Complete focuses on streamlined, value-oriented homebuying, including online purchasing in select communities.