Century Communities, Inc. (NYSE:CCS) Receives $101.33 Average Price Target from Analysts

Century Communities, Inc. (NYSE:CCS - Get Free Report) has been given an average recommendation of "Hold" by the four ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $101.33.

Separately, Wedbush reduced 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.

Insider Buying and Selling

In other news, Director Elisa Z. Ramirez purchased 500 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the completion of the transaction, the director now owns 8,981 shares of the company's stock, valued at $491,081.08. This trade represents a 5.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 2,400 shares of company stock valued at $130,426. 11.90% of the stock is owned by company insiders.

Institutional Trading of Century Communities

Several large investors have recently made changes to their positions in the company. Sigma Planning Corp increased its position in shares of Century Communities by 4.2% during the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock worth $330,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE grew its position in shares of Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Century Communities by 4.7% in the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock valued at $394,000 after purchasing an additional 266 shares during the last quarter. Boston Partners increased its holdings in shares of Century Communities by 3.5% in the first quarter. Boston Partners now owns 9,171 shares of the construction company's stock valued at $615,000 after purchasing an additional 314 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Century Communities by 533.9% in the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after purchasing an additional 331 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of CCS stock traded up $1.53 on Friday, hitting $53.84. The company had a trading volume of 341,792 shares, compared to its average volume of 376,557. The firm has a market cap of $1.64 billion, a P/E ratio of 5.18 and a beta of 1.43. The company has a 50-day moving average price of $56.14 and a 200-day moving average price of $68.66. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities has a twelve month low of $50.42 and a twelve month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.38). The company had revenue of $903.23 million during the quarter, compared to analyst estimates of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The business's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm earned $2.22 EPS. As a group, equities research analysts predict that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a yield of 2.15%. Century Communities's payout ratio is 12.01%.

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.