Analysts Set Century Communities, Inc. (NYSE:CCS) Price Target at $67.00

Shares of Century Communities, Inc. (NYSE:CCS) have received an average rating of “Reduce” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $67.00.

CCS has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price target on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $75.00 to $64.00 in a research report on Thursday, April 23rd.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CCS. Royal Bank of Canada lifted its position in shares of Century Communities by 6.5% during the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock valued at $995,000 after acquiring an additional 910 shares during the period. AQR Capital Management LLC lifted its position in shares of Century Communities by 138.0% during the 1st quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock valued at $4,820,000 after acquiring an additional 41,653 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Century Communities by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after acquiring an additional 529 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Century Communities by 16.7% during the 1st quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after acquiring an additional 3,026 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Down 0.5%

Shares of NYSE CCS opened at $62.93 on Tuesday. The company has a market capitalization of $1.81 billion, a P/E ratio of 14.17 and a beta of 1.34. Century Communities has a 52-week low of $47.28 and a 52-week high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57. The company’s 50 day moving average price is $56.56 and its 200-day moving average price is $60.92.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.27. The firm had revenue of $789.67 million for the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.36 EPS. Equities analysts forecast that Century Communities will post 3.84 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, May 27th. Century Communities’s payout ratio is presently 28.83%.

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.