Century Communities, Inc. (NYSE:CCS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Century Communities, Inc. (NYSE:CCS) has been assigned an average recommendation of “Moderate Buy” from the two ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $107.50.

A number of equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday, October 24th. Wedbush increased their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $97.00 in a research note on Friday. Finally, StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th.

Century Communities Stock Down 0.0 %

NYSE:CCS opened at $84.80 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $2.66 billion, a PE ratio of 8.45 and a beta of 1.87. The company has a 50-day moving average of $91.39 and a 200 day moving average of $91.83. Century Communities has a 1-year low of $74.76 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. Century Communities’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.58 earnings per share. As a group, research analysts anticipate that Century Communities will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.23%. Century Communities’s dividend payout ratio is presently 10.37%.

Institutional Trading of Century Communities

Several institutional investors have recently bought and sold shares of CCS. Assenagon Asset Management S.A. lifted its position in shares of Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock valued at $37,302,000 after buying an additional 295,729 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Century Communities during the second quarter valued at approximately $7,419,000. Westwood Holdings Group Inc. lifted its position in shares of Century Communities by 11.2% in the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after acquiring an additional 89,310 shares in the last quarter. Marshall Wace LLP lifted its holdings in Century Communities by 84.9% in the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after purchasing an additional 66,029 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Century Communities by 86.9% during the 2nd quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after purchasing an additional 57,341 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.