Century Communities, Inc. (NYSE:CCS) Receives Consensus Rating of “Reduce” from Brokerages

Century Communities, Inc. (NYSE:CCS) has been given an average rating of “Reduce” by the seven ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $67.00.

CCS has been the subject of a number of research analyst reports. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Weiss Ratings downgraded shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $75.00 to $64.00 in a report on Thursday, April 23rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in Century Communities by 207.6% in the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after buying an additional 411 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after purchasing an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Century Communities during the 4th quarter valued at $70,000. Meeder Asset Management Inc. bought a new position in shares of Century Communities in the first quarter worth $81,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Down 4.3%

CCS stock opened at $65.31 on Friday. The stock’s fifty day simple moving average is $59.92 and its two-hundred day simple moving average is $61.70. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44. Century Communities has a 1-year low of $47.28 and a 1-year high of $76.00. The stock has a market cap of $1.88 billion, a P/E ratio of 14.71 and a beta of 1.29.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.27. The firm had revenue of $789.67 million during the quarter, compared to analyst estimates of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The business’s revenue was down 16.9% compared to the same quarter last year. During the same period last year, the firm posted $1.36 EPS. Analysts expect that Century Communities will post 3.84 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 27th. Century Communities’s dividend payout ratio (DPR) is currently 28.83%.

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.