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

Century Communities, Inc. (NYSE:CCS - Get Free Report) has been assigned an average recommendation of "Hold" from the three research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $104.00.

Several analysts recently commented on the company. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. B. Riley reissued a "buy" rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Wedbush upped their price objective on shares of Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and lowered their target price for the company from $110.00 to $97.00 in a research note on Friday, December 13th.

Institutional Investors Weigh In On Century Communities

A number of institutional investors and hedge funds have recently bought and sold shares of CCS. Point72 Hong Kong Ltd acquired a new stake in Century Communities during the third quarter valued at approximately $51,000. GAMMA Investing LLC lifted its position in shares of Century Communities by 37.6% during 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 last quarter. Signaturefd LLC boosted its stake in shares of Century Communities by 14.1% during the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company's stock worth $134,000 after acquiring an additional 161 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Century Communities in the 3rd quarter worth $144,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Century Communities during the third quarter worth $217,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Performance

CCS stock traded down $0.44 during mid-day trading on Tuesday, reaching $71.16. The company had a trading volume of 388,248 shares, compared to its average volume of 535,737. Century Communities has a one year low of $70.38 and a one year high of $108.42. The stock has a market capitalization of $2.23 billion, a P/E ratio of 7.09 and a beta of 1.91. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44. The stock's 50-day simple moving average is $84.15 and its two-hundred day simple moving average is $91.17.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business posted $2.58 EPS. Century Communities's revenue was up 23.7% on a year-over-year basis. Research analysts anticipate that Century Communities will post 10.95 EPS for the current year.

Century Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Wednesday, November 27th. Century Communities's payout ratio is currently 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.