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

Century Communities, Inc. (NYSE:CCS) has received an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $67.00.

Several research firms have weighed in on CCS. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Zacks Research cut shares of Century Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th.

Century Communities Stock Up 7.4%

Shares of NYSE CCS opened at $58.30 on Tuesday. Century Communities has a 12-month low of $47.28 and a 12-month high of $76.00. The stock’s fifty day simple moving average is $62.01 and its two-hundred day simple moving average is $61.67. The stock has a market capitalization of $1.66 billion, a PE ratio of 10.26 and a beta of 1.28. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The business had revenue of $927.23 million for the quarter, compared to analysts’ expectations of $857.23 million. During the same period last year, the business earned $1.37 EPS. The company’s revenue was down 8.1% compared to the same quarter last year. As a group, analysts expect 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. Investors of record on Wednesday, August 26th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, August 26th. Century Communities’s dividend payout ratio is 28.07%.

Hedge Funds Weigh In On Century Communities

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Century Communities in the second quarter worth about $367,973,000. Wellington Management Group LLP raised its holdings in Century Communities by 15.1% in the 2nd quarter. Wellington Management Group LLP now owns 1,050,982 shares of the construction company’s stock worth $75,313,000 after purchasing an additional 137,957 shares during the period. Heartland Advisors Inc. acquired a new position in Century Communities in the 2nd quarter worth about $37,006,000. Lakewood Capital Management LP acquired a new position in Century Communities in the 2nd quarter worth about $34,898,000. Finally, Jennison Associates LLC boosted its position in Century Communities by 4.9% during the first quarter. Jennison Associates LLC now owns 349,512 shares of the construction company’s stock worth $20,055,000 after purchasing an additional 16,467 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Company Profile

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.