Century Communities, Inc. (NYSE:CCS) Given Consensus Rating of "Hold" by Brokerages

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) have earned a consensus rating of "Hold" from the three brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $104.00.

Several analysts have commented on the stock. B. Riley reissued a "buy" rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and decreased their price target for the company from $110.00 to $97.00 in a research report on Friday. Wedbush increased their price target on shares of Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th.

Hedge Funds Weigh In On Century Communities

A number of institutional investors have recently bought and sold shares of CCS. Point72 Hong Kong Ltd acquired a new stake in shares of Century Communities during the 3rd quarter worth approximately $51,000. Signaturefd LLC grew its stake in Century Communities by 11.2% in the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company's stock valued at $93,000 after acquiring an additional 115 shares during the period. GAMMA Investing LLC grew its stake in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock valued at $108,000 after acquiring an additional 287 shares during the period. Daiwa Securities Group Inc. acquired a new stake in Century Communities during the 3rd quarter worth $144,000. Finally, Innealta Capital LLC acquired a new stake in Century Communities during the 2nd quarter worth $162,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Trading Down 2.4 %

Shares of CCS traded down $2.04 during midday trading on Friday, hitting $82.74. The stock had a trading volume of 401,289 shares, compared to its average volume of 302,887. The stock's 50 day moving average is $91.39 and its 200 day moving average is $91.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market cap of $2.59 billion, a PE ratio of 8.26 and a beta of 1.87. Century Communities has a 1 year low of $74.76 and a 1 year high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the prior year, the business earned $2.58 EPS. The firm's quarterly revenue was up 23.7% on a year-over-year basis. As a group, analysts forecast that Century Communities will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Wednesday, November 27th. Century Communities's dividend payout ratio is presently 10.37%.

About Century Communities

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.