Brokerages Set Century Communities, Inc. (NYSE:CCS) PT at $103.00

Century Communities, Inc. (NYSE:CCS - Get Free Report) has earned an average rating of "Hold" from the four brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $103.00.

A number of brokerages recently commented on CCS. Wedbush restated a "neutral" rating and set a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research note on Friday, January 31st.

Hedge Funds Weigh In On Century Communities

Several hedge funds and other institutional investors have recently made changes to their positions in CCS. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 331 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Century Communities by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock valued at $1,157,000 after purchasing an additional 349 shares in the last quarter. KBC Group NV lifted its position in shares of Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after purchasing an additional 403 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Century Communities by 27.7% during the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after purchasing an additional 460 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock valued at $571,000 after buying an additional 562 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company's stock.

Century Communities Trading Down 1.9 %

Shares of Century Communities stock traded down $1.11 on Thursday, reaching $58.47. The company had a trading volume of 343,178 shares, compared to its average volume of 352,558. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $1.79 billion, a PE ratio of 5.62 and a beta of 1.76. The firm's 50 day moving average price is $67.25 and its two-hundred day moving average price is $77.91. Century Communities has a 52-week low of $55.85 and a 52-week high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Sell-side analysts predict that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.98%. This is a boost from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities's payout ratio is presently 11.15%.

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.