Brokerages Set Century Communities, Inc. (NYSE:CCS) Price Target at $103.00

Century Communities, Inc. (NYSE:CCS) has been assigned a consensus recommendation of “Hold” from the four ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $103.00.

A number of brokerages have issued reports on CCS. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and cut their target price for the company from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Wedbush reiterated a “neutral” rating and set a $93.00 price objective (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Finally, Zelman & Associates raised shares of Century Communities to a “hold” rating in a research report on Friday, January 31st.

Century Communities Price Performance

Shares of NYSE CCS opened at $69.65 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities has a 1-year low of $66.07 and a 1-year high of $108.42. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 6.70 and a beta of 2.10. The business has a 50-day moving average of $72.94 and a 200-day moving average of $83.50.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. On average, equities analysts anticipate that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.29 per share. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio is currently 11.15%.

Hedge Funds Weigh In On Century Communities

A number of hedge funds have recently added to or reduced their stakes in CCS. Point72 Hong Kong Ltd bought a new position in shares of Century Communities in the 3rd quarter worth about $51,000. Smartleaf Asset Management LLC raised its stake in Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after acquiring an additional 569 shares during the period. Sterling Capital Management LLC lifted its holdings in Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock worth $57,000 after acquiring an additional 688 shares during the last quarter. Headlands Technologies LLC acquired a new position in Century Communities in the fourth quarter valued at approximately $74,000. Finally, KBC Group NV grew its holdings in shares of Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after purchasing an additional 403 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.