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

Key Points

• Analysts have assigned Century Communities, Inc. (NYSE:CCS) a consensus rating of "Moderate Buy," with an average 1-year target price of $85.00.
• Century Communities reported $1.37 earnings per share for the last quarter, exceeding analysts’ expectations and recording a revenue of $1 billion, despite a 1.7% decrease year-over-year.
• The company recently declared a quarterly dividend of $0.29, yielding approximately 1.95%, with a payout ratio of 14.16%.

Century Communities, Inc. (NYSE:CCS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the four ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $85.00.

A number of brokerages have commented on CCS. Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Saturday. Wedbush cut their price objective on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, B. Riley assumed coverage on shares of Century Communities in a research report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective for the company.

Century Communities Stock Down 1.3%

NYSE:CCS traded down $0.79 during trading hours on Friday, hitting $59.60. The company's stock had a trading volume of 318,886 shares, compared to its average volume of 404,126. The stock has a fifty day moving average of $56.22 and a 200-day moving average of $63.31. The stock has a market capitalization of $1.82 billion, a P/E ratio of 6.67 and a beta of 1.44. Century Communities has a 52-week low of $50.42 and a 52-week high of $108.42. The company has a current ratio of 0.55, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.65 earnings per share. On average, equities analysts forecast that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $1.16 annualized dividend and a yield of 1.95%. Century Communities's payout ratio is 14.16%.

Insider Buying and Selling

In other Century Communities news, Director Elisa Z. Ramirez purchased 1,500 shares of the business's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average price of $53.86 per share, for a total transaction of $80,790.00. Following the completion of the acquisition, the director owned 8,481 shares of the company's stock, valued at approximately $456,786.66. This represents a 21.49% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased a total of 2,400 shares of company stock valued at $130,426 in the last 90 days. Company insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On Century Communities

A number of hedge funds have recently bought and sold shares of CCS. American Century Companies Inc. grew its stake in Century Communities by 5.4% in the fourth quarter. American Century Companies Inc. now owns 58,059 shares of the construction company's stock worth $4,259,000 after purchasing an additional 2,951 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Century Communities in the fourth quarter worth about $425,000. LPL Financial LLC grew its stake in Century Communities by 41.6% in the fourth quarter. LPL Financial LLC now owns 3,574 shares of the construction company's stock worth $262,000 after purchasing an additional 1,050 shares in the last quarter. Vanguard Group Inc. grew its stake in Century Communities by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,971,664 shares of the construction company's stock worth $144,641,000 after purchasing an additional 5,375 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Century Communities by 22.8% in the fourth quarter. JPMorgan Chase & Co. now owns 253,969 shares of the construction company's stock worth $18,631,000 after purchasing an additional 47,171 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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.