Brokerages Set Century Communities, Inc. (NYSE:CCS) Price Target at $85.00

Key Points

• Century Communities, Inc. has received an average rating of "Hold" from five research firms, with one sell recommendation, three holds, and one strong buy.
• The company's most recent quarterly earnings beat expectations with $1.37 EPS compared to a forecast of $1.16, although revenue saw a slight year-over-year decline of 1.7%.
• Century Communities declared a quarterly dividend of $0.29 per share, offering a 1.7% dividend yield, with a payout ratio of 14.16%.

Century Communities, Inc. (NYSE:CCS - Get Free Report) has received a consensus recommendation of "Hold" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $85.00.

A number of research analysts recently issued reports on CCS shares. B. Riley assumed coverage on Century Communities in a research note on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Zacks Research cut Century Communities from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 28th. Finally, Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, September 5th.

Institutional Trading of Century Communities

A number of hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its position in Century Communities by 49.0% during the 2nd quarter. Squarepoint Ops LLC now owns 142,181 shares of the construction company's stock worth $8,008,000 after acquiring an additional 46,750 shares during the period. Westwood Holdings Group Inc. lifted its position in Century Communities by 26.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company's stock worth $75,569,000 after acquiring an additional 282,133 shares during the period. Public Sector Pension Investment Board lifted its position in Century Communities by 6.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 91,598 shares of the construction company's stock worth $5,159,000 after acquiring an additional 5,177 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Century Communities by 562.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,907 shares of the construction company's stock valued at $276,000 after buying an additional 4,166 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in shares of Century Communities by 12.5% in the second quarter. Rafferty Asset Management LLC now owns 21,815 shares of the construction company's stock valued at $1,229,000 after buying an additional 2,423 shares in the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Performance

NYSE:CCS traded up $0.17 during mid-day trading on Friday, reaching $67.54. 615,061 shares of the stock were exchanged, compared to its average volume of 293,880. The company has a 50 day simple moving average of $63.48 and a 200-day simple moving average of $60.71. The stock has a market capitalization of $2.00 billion, a P/E ratio of 8.25 and a beta of 1.46. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. Century Communities has a 1 year low of $50.42 and a 1 year high of $107.82.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.21. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.65 EPS. Analysts anticipate that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities's dividend payout ratio (DPR) is presently 14.16%.

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.