Century Communities, Inc. (NYSE:CCS) Receives Consensus Rating of "Hold" from Analysts

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the three analysts that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $103.00.

A number of equities analysts have issued reports on CCS shares. StockNews.com cut shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. upgraded Century Communities from an "underweight" rating to a "neutral" rating and cut their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. B. Riley reiterated a "buy" rating and set a $119.00 target price (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Finally, Wedbush restated a "neutral" rating and issued a $93.00 price objective (down from $96.00) on shares of Century Communities in a research report on Thursday.

Century Communities Price Performance

Shares of NYSE:CCS opened at $76.45 on Friday. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 7.35 and a beta of 1.91. 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 business's 50 day simple moving average is $79.33 and its 200-day simple moving average is $90.29. Century Communities has a 12 month low of $68.49 and a 12 month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last posted 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 return on equity of 14.37% and a net margin of 7.59%. As a group, equities analysts forecast that Century Communities will post 12.41 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 annualized dividend and a yield of 1.36%. Century Communities's payout ratio is currently 10.00%.

Institutional Investors Weigh In On Century Communities

Several hedge funds have recently made changes to their positions in CCS. Point72 Hong Kong Ltd purchased a new position in Century Communities during the third quarter worth about $51,000. KBC Group NV lifted its holdings in shares of Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after acquiring an additional 403 shares during the period. GAMMA Investing LLC boosted its position in shares of Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock worth $108,000 after acquiring an additional 287 shares during the last quarter. Signaturefd LLC grew its holdings in Century Communities by 14.1% in the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company's stock valued at $134,000 after purchasing an additional 161 shares during the period. Finally, R Squared Ltd acquired a new position in Century Communities during the fourth quarter worth approximately $142,000. Institutional investors and hedge funds own 99.54% of the company's stock.

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.

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