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

Century Communities, Inc. (NYSE:CCS) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $67.00.

A number of brokerages have weighed in on CCS. Zacks Research cut shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Citizens Jmp began coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price objective on the stock. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $75.00 to $64.00 in a report on Thursday, April 23rd. Citigroup began coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating on the stock. Finally, Wall Street Zen cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Saturday, April 25th.

Century Communities Price Performance

Shares of CCS opened at $55.60 on Monday. The stock has a market cap of $1.60 billion, a PE ratio of 12.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $76.00. The firm’s 50-day simple moving average is $60.32 and its two-hundred day simple moving average is $62.29.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.27. The business had revenue of $789.67 million for the quarter, compared to analysts’ expectations of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The business’s revenue was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 earnings per share. Analysts anticipate that Century Communities will post 3.84 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced 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. This represents a $1.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, February 25th. Century Communities’s payout ratio is currently 28.83%.

Insider Activity

In other news, Chairman Dale Francescon sold 100,100 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman owned 561,662 shares in the company, valued at approximately $40,686,795.28. This represents a 15.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 13.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CCS. Royal Bank of Canada lifted its stake in shares of Century Communities by 6.5% in the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after buying an additional 910 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Century Communities by 138.0% in the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after buying an additional 41,653 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Century Communities by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock worth $1,102,000 after buying an additional 529 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 buying an additional 1,135 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Century Communities by 16.7% in the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock worth $1,416,000 after buying an additional 3,026 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

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.