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

Century Communities, Inc. (NYSE:CCS) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $67.00.

Several equities analysts have recently weighed in on the stock. 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. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Zacks Research lowered shares of Century Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th.

Institutional Trading of Century Communities

Several institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in Century Communities during the 2nd quarter worth $83,000. Baird Financial Group Inc. increased its position in Century Communities by 5.3% during the second quarter. Baird Financial Group Inc. now owns 100,789 shares of the construction company’s stock worth $7,223,000 after acquiring an additional 5,093 shares during the period. Nykredit A S bought a new position in Century Communities during the second quarter worth about $26,000. Allianz Asset Management GmbH acquired a new stake in Century Communities in the 2nd quarter worth about $1,802,000. Finally, Hsbc Holdings PLC bought a new stake in Century Communities in the 2nd quarter valued at about $450,000. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

NYSE:CCS opened at $60.20 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $66.15 and its two-hundred day moving average price is $61.76. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 13.20 and a beta of 1.28. Century Communities has a 12-month low of $47.28 and a 12-month high of $76.00.

Century Communities (NYSE:CCS) last posted 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 return on equity of 6.06% and a net margin of 3.41%.The business had revenue of $927.23 million for the quarter, compared to analysts’ expectations of $857.23 million. During the same quarter in the prior year, the business earned $1.37 EPS. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts anticipate that Century Communities will post 4.86 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. Century Communities’s dividend payout ratio (DPR) is 28.07%.

About Century Communities

Century Communities, Inc is a residential homebuilder that designs, constructs, and sells single-family homes and townhomes. The company serves a range of buyers, including first-time homeowners, move-up buyers, and purchasers seeking more affordable housing options.

Century Communities markets homes under the Century Communities and Century Complete brands. Its activities generally include land acquisition and development, community planning, home construction, sales, and customer support.