Century Communities, Inc. (NYSE:CCS) Receives Average Recommendation of “Hold” from Analysts

Century Communities, Inc. (NYSE:CCS) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $74.75.

CCS has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. Citigroup began coverage on Century Communities in a research note on Wednesday, January 21st. They issued an “outperform” rating on the stock. Zacks Research lowered Century Communities from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. decreased their price objective on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research note on Monday, February 2nd. Finally, B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a report on Thursday, January 29th.

Century Communities Stock Down 0.0%

Shares of NYSE CCS opened at $57.75 on Friday. Century Communities has a 1 year low of $50.42 and a 1 year high of $76.00. The firm’s 50-day moving average is $66.50 and its 200-day moving average is $63.71. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.68 billion, a PE ratio of 11.88 and a beta of 1.54.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $3.54 earnings per share. Century Communities’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts expect that Century Communities will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th were paid a $0.32 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.2%. Century Communities’s dividend payout ratio (DPR) is currently 26.34%.

Insider Buying and Selling at Century Communities

In related news, Chairman Dale Francescon sold 100,100 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total value of $7,251,244.00. Following the completion of the sale, the chairman owned 561,662 shares in the company, valued at $40,686,795.28. This represents a 15.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Century Communities

Several large investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in shares of Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after purchasing an additional 411 shares in the last quarter. Traub Capital Management LLC bought a new stake in Century Communities during the 2nd quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased its stake in Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Century Communities during the 4th quarter worth approximately $70,000. Finally, Jones Financial Companies Lllp raised its holdings in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.