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

Key Points

• Century Communities, Inc. received a consensus recommendation of "Hold" from six research firms, with one analyst issuing a strong buy rating and the average 12-month price target set at $85.00.
• The company reported a 1.2% increase in stock price and a quarterly earnings per share (EPS) of $1.37, exceeding the consensus estimate by $0.21.
• Century Communities announced a quarterly dividend of $0.29 per share, representing an annualized yield of 2.0% and a payout ratio of 14.16%.

Century Communities, Inc. (NYSE:CCS - Get Free Report) has been given a consensus recommendation of "Hold" by the six research firms that are covering the stock, Marketbeat Ratings reports. Five research 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 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 recent analyst reports. Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Zacks Research upgraded Century Communities from a "strong sell" rating to a "hold" rating in a report on Friday, September 26th. B. Riley initiated coverage on Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price objective for the company. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Century Communities in a report on Wednesday.

Century Communities Stock Up 1.2%

NYSE CCS opened at $58.79 on Thursday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $64.27 and a two-hundred day moving average of $60.04. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 7.18 and a beta of 1.55. Century Communities has a 52 week low of $50.42 and a 52 week high of $104.21.

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

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a yield of 2.0%. Century Communities's payout ratio is presently 14.16%.

Institutional Trading of Century Communities

A number of large investors have recently modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in shares of Century Communities by 7.8% in the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company's stock valued at $134,000 after purchasing an additional 173 shares during the period. Sigma Planning Corp boosted its holdings in shares of Century Communities by 4.2% in the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock valued at $330,000 after purchasing an additional 200 shares during the period. US Bancorp DE boosted its holdings 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 during the period. Benjamin Edwards Inc. boosted 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 period. Finally, GAMMA Investing LLC boosted its holdings in shares of Century Communities by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company's stock valued at $104,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 99.54% of the company's stock.

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.

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