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

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) have been given an average rating of "Hold" by the four analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $103.00.

CCS has been the subject of several analyst reports. Zelman & Associates raised Century Communities to a "hold" rating in a research note on Friday, January 31st. Wedbush restated a "neutral" rating and set a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th.

Century Communities Stock Performance

Shares of CCS stock traded up $1.60 during trading hours on Thursday, hitting $59.55. The stock had a trading volume of 253,671 shares, compared to its average volume of 352,127. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $1.83 billion, a PE ratio of 5.73 and a beta of 1.76. The stock's 50 day moving average is $67.79 and its 200 day moving average is $78.80. Century Communities has a twelve month low of $55.85 and a twelve month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts forecast that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Wednesday, February 26th. This is a positive change from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio is 11.15%.

Hedge Funds Weigh In On Century Communities

Several institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in Century Communities by 162.5% during the third quarter. FMR LLC now owns 4,886 shares of the construction company's stock valued at $503,000 after buying an additional 3,025 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Century Communities during the 3rd quarter valued at about $543,000. Stifel Financial Corp grew its stake in shares of Century Communities by 21.8% in the 3rd quarter. Stifel Financial Corp now owns 14,991 shares of the construction company's stock worth $1,544,000 after purchasing an additional 2,682 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Century Communities by 6.6% in the 3rd quarter. MML Investors Services LLC now owns 15,512 shares of the construction company's stock worth $1,597,000 after purchasing an additional 965 shares in the last quarter. Finally, Barclays PLC lifted its stake in Century Communities by 8.5% during the third quarter. Barclays PLC now owns 76,114 shares of the construction company's stock valued at $7,837,000 after purchasing an additional 5,981 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

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.