Century Communities, Inc. (NYSE:CCS) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have given Century Communities, Inc. (NYSE:CCS) an average rating of "Moderate Buy", with one strong buy and three hold recommendations among the four brokerages covering the stock.
• The company recently reported earnings of $1.37 per share for the quarter, exceeding the consensus estimate of $1.16, while revenue declined 1.7% year-over-year.
• Century Communities declared a quarterly dividend of $0.29, payable on September 10th, equating to an annualized yield of 1.8% and a payout ratio of 14.16%.

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the four research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $85.00.

CCS has been the subject of a number of analyst reports. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a report on Friday. B. Riley initiated coverage on Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 price target for the company.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC raised its stake in shares of Century Communities by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company's stock worth $134,000 after buying an additional 173 shares during the period. Sigma Planning Corp raised its stake in shares of Century Communities by 4.2% during the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock worth $330,000 after buying an additional 200 shares during the period. US Bancorp DE raised its stake 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 buying an additional 232 shares during the period. Benjamin Edwards Inc. raised its stake in shares of Century Communities by 4.7% during the 1st quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock worth $394,000 after buying an additional 266 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Century Communities by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company's stock worth $104,000 after buying an additional 275 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Stock Up 7.7%

CCS traded up $4.8290 on Wednesday, hitting $67.5190. The company had a trading volume of 427,126 shares, compared to its average volume of 321,932. The stock has a fifty day moving average price of $59.60 and a 200-day moving average price of $61.46. Century Communities has a 12-month low of $50.42 and a 12-month high of $108.42. 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 stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.24 and a beta of 1.41.

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

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. Century Communities's payout ratio is presently 14.16%.

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.