Century Communities, Inc. (NYSE:CCS) Receives $85.00 Consensus Target Price from Brokerages

Century Communities, Inc. (NYSE:CCS) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $85.00.

A number of brokerages recently commented on CCS. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th.

Institutional Trading of Century Communities

Several hedge funds have recently made changes to their positions in CCS. Heartland Advisors Inc. grew its position in Century Communities by 8.7% in the third quarter. Heartland Advisors Inc. now owns 456,003 shares of the construction company’s stock worth $28,897,000 after acquiring an additional 36,521 shares in the last quarter. Denali Advisors LLC bought a new stake in shares of Century Communities in the 3rd quarter valued at approximately $1,375,000. JPMorgan Chase & Co. boosted its holdings in shares of Century Communities by 26.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 338,699 shares of the construction company’s stock worth $21,463,000 after purchasing an additional 71,688 shares during the period. New South Capital Management Inc. purchased a new position in shares of Century Communities in the 3rd quarter worth approximately $10,028,000. Finally, Public Sector Pension Investment Board increased its position in shares of Century Communities by 10.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 100,759 shares of the construction company’s stock valued at $6,385,000 after purchasing an additional 9,161 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of NYSE CCS opened at $59.83 on Monday. The company has a market cap of $1.76 billion, a P/E ratio of 8.73 and a beta of 1.53. Century Communities has a 52-week low of $50.42 and a 52-week high of $95.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54. The firm’s fifty day moving average is $63.10 and its two-hundred day moving average is $59.63.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.86 by $0.66. The business had revenue of $980.28 million during the quarter, compared to the consensus estimate of $906.10 million. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The business’s revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.77 EPS. As a group, analysts anticipate that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. Century Communities’s dividend payout ratio (DPR) is presently 16.93%.

Century Communities Company Profile

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.