Shares of Century Communities, Inc. (NYSE:CCS) have received a consensus rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $80.50.
CCS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Century Communities from a “sell” rating to a “strong-buy” rating and set a $80.00 target price on the stock in a report on Monday, August 2nd. B. Riley lifted their target price on Century Communities from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, July 29th. Zelman & Associates upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Thursday, July 29th. Finally, Wedbush raised their target price on Century Communities from $92.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, July 29th.
Shares of CCS stock traded up $0.75 during mid-day trading on Thursday, hitting $63.70. 2,057 shares of the stock traded hands, compared to its average volume of 493,481. Century Communities has a twelve month low of $36.84 and a twelve month high of $83.20. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 5.90 and a beta of 1.95. The company’s 50-day simple moving average is $67.07 and its 200-day simple moving average is $67.68. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.10 and a current ratio of 2.10.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. Century Communities’s payout ratio is 9.65%.
In related news, CEO Robert J. Francescon sold 90,000 shares of Century Communities stock in a transaction on Wednesday, August 11th. The stock was sold at an average price of $72.08, for a total transaction of $6,487,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.80% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in shares of Century Communities in the first quarter worth about $322,000. Commonwealth Equity Services LLC bought a new position in shares of Century Communities in the first quarter worth about $390,000. Envestnet Asset Management Inc. bought a new position in shares of Century Communities in the first quarter worth about $309,000. Los Angeles Capital Management LLC bought a new position in shares of Century Communities in the first quarter worth about $715,000. Finally, M&T Bank Corp increased its stake in shares of Century Communities by 8.2% in the first quarter. M&T Bank Corp now owns 6,199 shares of the construction company’s stock worth $373,000 after purchasing an additional 469 shares during the period. 85.55% of the stock is owned by institutional investors.
Century Communities Company Profile
Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, Southeast, and Wade Journey Homes. The West segment refers to Southern California, Central Valley, Bay Area and Washington.
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