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

Century Communities, Inc. (NYSE:CCS - Get Free Report) has earned an average recommendation of "Hold" from the four brokerages that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $101.33.

Separately, Wedbush cut their price target on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a report on Thursday, April 24th.

Insiders Place Their Bets

In other Century Communities news, Director Elisa Z. Ramirez acquired 500 shares of the company's stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the purchase, the director now owns 8,981 shares in the company, valued at $491,081.08. This represents a 5.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have acquired 2,400 shares of company stock worth $130,426 over the last 90 days. Corporate insiders own 11.90% of the company's stock.

Institutional Trading of Century Communities

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Century Communities by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company's stock worth $133,749,000 after buying an additional 21,619 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Century Communities by 32.5% in the 1st quarter. Wellington Management Group LLP now owns 1,558,751 shares of the construction company's stock valued at $104,592,000 after purchasing an additional 382,408 shares during the last quarter. First Trust Advisors LP grew its position in shares of Century Communities by 67.3% during the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after buying an additional 450,914 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Century Communities by 32.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company's stock worth $71,102,000 after buying an additional 258,245 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Century Communities by 51.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after buying an additional 230,113 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Down 1.9%

CCS traded down $1.01 on Friday, reaching $52.34. 244,356 shares of the company traded hands, compared to its average volume of 375,689. The stock's 50 day moving average price is $56.72 and its 200-day moving average price is $69.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities has a 52-week low of $50.42 and a 52-week high of $108.42. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 5.03 and a beta of 1.57.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. During the same period in the previous year, the firm posted $2.22 EPS. The company's quarterly revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts expect that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 2.22%. Century Communities's dividend payout ratio (DPR) is currently 12.01%.

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.