Century Communities, Inc. (NYSE:CCS) Given Consensus Recommendation of “Hold” by Brokerages

Century Communities, Inc. (NYSE:CCS) has earned a consensus rating of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $67.00.

A number of research analysts have commented on CCS shares. Zacks Research upgraded shares of Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th.

Institutional Investors Weigh In On Century Communities

Several institutional investors and hedge funds have recently made changes to their positions in CCS. Nykredit A S bought a new stake in shares of Century Communities in the 2nd quarter worth about $26,000. Parallel Advisors LLC boosted its position in Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after buying an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after buying an additional 465 shares in the last quarter. State of Wyoming bought a new stake in Century Communities during the second quarter worth about $82,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Century Communities during the fourth quarter worth about $70,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Trading Up 0.1%

Shares of Century Communities stock opened at $64.55 on Monday. Century Communities has a 52-week low of $47.28 and a 52-week high of $76.00. The firm has a market capitalization of $1.84 billion, a PE ratio of 14.16 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. The company’s fifty day moving average price is $68.22 and its two-hundred day moving average price is $62.31.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.67. The company had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the firm earned $1.37 EPS. On average, analysts expect that Century Communities will post 4.86 EPS for the current year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, August 26th. Century Communities’s dividend payout ratio is currently 28.07%.

About Century Communities

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.