Analysts Set Century Communities, Inc. (NYSE:CCS) PT at $67.00

Century Communities, Inc. (NYSE:CCS) has earned a consensus recommendation of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $67.00.

CCS has been the subject of several research analyst reports. Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $75.00 to $64.00 in a research report on Thursday, April 23rd. 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. JPMorgan Chase & Co. dropped their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Finally, Wall Street Zen downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th.

Institutional Investors Weigh In On Century Communities

Hedge funds and other institutional investors have recently modified their holdings of the stock. New South Capital Management Inc. grew its position in shares of Century Communities by 285.1% during the 4th quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after buying an additional 451,187 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Century Communities by 32.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after buying an additional 254,186 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Century Communities by 58.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 509,499 shares of the construction company’s stock valued at $30,239,000 after buying an additional 186,938 shares during the last quarter. Norges Bank bought a new stake in shares of Century Communities during the 4th quarter valued at about $10,386,000. Finally, Wellington Management Group LLP grew its position in shares of Century Communities by 9.3% during the 4th quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after buying an additional 139,141 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of CCS stock opened at $52.94 on Friday. Century Communities has a 12 month low of $47.28 and a 12 month high of $76.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market capitalization of $1.52 billion, a P/E ratio of 11.92 and a beta of 1.37. The company’s fifty day moving average price is $56.45 and its two-hundred day moving average price is $61.28.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.27. The company had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The company’s revenue was down 16.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, research analysts anticipate that Century Communities will post 3.84 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.28 annualized dividend and a dividend yield of 2.4%. Century Communities’s payout ratio is presently 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.