Century Communities, Inc. (NYSE:CCS) Given Average Rating of "Hold" by Brokerages

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%.

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) have received an average rating of "Hold" from the five research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $85.00.

A number of brokerages have weighed in on CCS. Zacks Research lowered Century Communities from a "hold" rating to a "strong sell" rating in a report on Thursday, August 28th. B. Riley assumed coverage on Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Finally, Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a report on Friday, September 5th.

Century Communities Trading Down 2.5%

Shares of CCS stock opened at $67.55 on Friday. The stock's fifty day moving average is $62.92 and its two-hundred day moving average is $60.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $2.00 billion, a P/E ratio of 8.25 and a beta of 1.46. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $108.42.

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

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, August 27th. Century Communities's payout ratio is currently 14.16%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its holdings in shares of Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after acquiring an additional 331 shares during the period. US Bancorp DE raised its holdings in shares of Century Communities by 142.3% during the 1st quarter. US Bancorp DE now owns 395 shares of the construction company's stock worth $27,000 after acquiring an additional 232 shares during the period. Traub Capital Management LLC purchased a new position in shares of Century Communities during the 2nd quarter worth $39,000. EverSource Wealth Advisors LLC raised its holdings in shares of Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company's stock worth $41,000 after acquiring an additional 465 shares during the period. Finally, Covestor Ltd increased its position in shares of Century Communities by 104.5% during the 1st quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock worth $73,000 after purchasing an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.