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

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) have earned an average rating of "Hold" from the four brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $103.00.

A number of brokerages recently weighed in on CCS. Zelman & Associates raised Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush reaffirmed a "neutral" rating and issued a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of Century Communities from an "underweight" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. Finally, StockNews.com downgraded shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th.

Institutional Trading of Century Communities

A number of institutional investors have recently bought and sold shares of CCS. First Trust Advisors LP raised its holdings in shares of Century Communities by 67.3% in the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after buying an additional 450,914 shares during the last quarter. Balyasny Asset Management L.P. raised its stake in Century Communities by 51.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after acquiring an additional 230,113 shares during the last quarter. Marshall Wace LLP lifted its position in Century Communities by 660.5% during the 4th quarter. Marshall Wace LLP now owns 202,518 shares of the construction company's stock worth $14,857,000 after acquiring an additional 175,887 shares during the period. Squarepoint Ops LLC grew its stake in Century Communities by 140.2% during the 4th quarter. Squarepoint Ops LLC now owns 177,413 shares of the construction company's stock valued at $13,015,000 after purchasing an additional 103,564 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Century Communities by 14.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company's stock valued at $58,791,000 after purchasing an additional 99,136 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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Century Communities Trading Down 0.2 %

Shares of NYSE CCS traded down $0.13 during midday trading on Friday, hitting $69.51. The company's stock had a trading volume of 237,434 shares, compared to its average volume of 322,380. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The business's 50 day moving average is $72.94 and its two-hundred day moving average is $83.50. Century Communities has a 12-month low of $66.07 and a 12-month high of $108.42. The firm has a market cap of $2.15 billion, a P/E ratio of 6.68 and a beta of 2.10.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results 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%. As a group, equities research analysts expect that Century Communities will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. This is an increase from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio is 11.15%.

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.