Brokerages Set Century Communities, Inc. (NYSE:CCS) Price Target at $107.50

Shares of Century Communities, Inc. (NYSE:CCS) have been assigned a consensus rating of “Hold” from the three analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $104.00.

CCS has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and cut their price target for the company from $110.00 to $97.00 in a report on Friday. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Wedbush increased their target price on Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, B. Riley restated a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCS. Point72 Hong Kong Ltd purchased a new position in shares of Century Communities in the 3rd quarter worth about $51,000. Signaturefd LLC raised its holdings in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares during the period. GAMMA Investing LLC lifted its position in Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after buying an additional 287 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in Century Communities during the third quarter worth approximately $144,000. Finally, Innealta Capital LLC acquired a new stake in shares of Century Communities in the second quarter worth $162,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Trading Down 2.4 %

Century Communities stock opened at $82.74 on Friday. The stock has a 50-day moving average price of $91.07 and a 200 day moving average price of $91.88. Century Communities has a 52 week low of $74.76 and a 52 week high of $108.42. The stock has a market cap of $2.59 billion, a PE ratio of 8.25 and a beta of 1.87. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.58 earnings per share. Equities research analysts predict that Century Communities will post 10.95 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is currently 10.37%.

Century Communities Company Profile

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.