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

Century Communities, Inc. (NYSE:CCS) has earned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $74.75.

A number of research firms recently commented on CCS. Zacks Research cut shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Citizens Jmp assumed coverage on shares of Century Communities in a report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective on the stock. B. Riley Financial reissued a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Finally, Citigroup initiated coverage on Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating for the company.

Century Communities Stock Down 2.0%

Century Communities stock opened at $73.37 on Wednesday. Century Communities has a 1-year low of $50.42 and a 1-year high of $76.00. The business has a fifty day moving average price of $64.82 and a 200-day moving average price of $63.51. 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 stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 15.10 and a beta of 1.58.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.20. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business posted $3.54 earnings per share. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities research analysts forecast that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. Century Communities’s dividend payout ratio (DPR) is 26.34%.

Insider Buying and Selling

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the completion of the transaction, the chairman directly owned 561,662 shares of the company’s stock, valued at approximately $40,686,795.28. This trade represents a 15.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Century Communities

A number of hedge funds and other institutional investors have recently made changes to their positions in CCS. ProShare Advisors LLC boosted its holdings in 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 purchasing an additional 155 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after buying an additional 173 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Century Communities by 1.4% in the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock worth $793,000 after buying an additional 173 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Century Communities by 8.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the construction company’s stock worth $159,000 after buying an additional 185 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Century Communities by 4.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,917 shares of the construction company’s stock worth $312,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Company Profile

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.