Century Communities, Inc. (NYSE:CCS) Receives $85.00 Average PT from Brokerages

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 assigned a consensus rating of "Moderate Buy" from the four ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $85.00.

CCS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Friday. B. Riley initiated 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 on the stock.

Century Communities Trading Up 7.7%

NYSE:CCS traded up $4.8290 during mid-day trading on Wednesday, reaching $67.5190. 427,126 shares of the company's stock traded hands, compared to its average volume of 327,344. The company has a 50 day moving average price of $59.60 and a 200-day moving average price of $61.24. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.24 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55. Century Communities has a 12-month low of $50.42 and a 12-month high of $108.42.

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 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 firm had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. During the same period last year, the company earned $2.65 EPS. The business's quarterly revenue was down 1.7% compared to the same quarter last year. On average, sell-side analysts predict that Century Communities will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

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

Institutional Trading of Century Communities

Hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its position in shares of Century Communities by 67.3% in the 4th quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock worth $82,200,000 after purchasing an additional 450,914 shares during the last quarter. Wellington Management Group LLP raised its position 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 worth $104,592,000 after purchasing an additional 382,408 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Century Communities by 26.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company's stock worth $75,569,000 after purchasing an additional 282,133 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company's stock worth $58,832,000 after purchasing an additional 254,186 shares during the last quarter. Finally, Voss Capital LP raised its position in shares of Century Communities by 280.0% in the 2nd quarter. Voss Capital LP now owns 285,000 shares of the construction company's stock worth $16,051,000 after purchasing an additional 210,000 shares during the last quarter. Institutional investors own 99.54% of the company's stock.

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.