Brokerages Set Century Communities, Inc. (NYSE:CCS) Price Target at $101.33

Century Communities, Inc. (NYSE:CCS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the four brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $101.33.

A number of equities analysts have recently issued reports on CCS shares. Zelman & Associates raised shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. Wedbush decreased their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th.

Century Communities Stock Up 1.1%

Shares of NYSE:CCS traded up $0.62 during midday trading on Monday, reaching $56.76. The company had a trading volume of 348,188 shares, compared to its average volume of 361,655. Century Communities has a 1-year low of $52.41 and a 1-year high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.73 billion, a PE ratio of 5.46 and a beta of 1.57. The business's 50 day moving average price is $62.38 and its 200 day moving average price is $73.52.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm had revenue of $903.23 million for the quarter, compared to analyst estimates of $914.20 million. During the same quarter in the prior year, the firm earned $2.22 earnings per share. The firm's revenue for the quarter was down 2.1% on a year-over-year basis. Research analysts forecast that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.04%. Century Communities's dividend payout ratio is 12.01%.

Insider Buying and Selling at Century Communities

In other news, Director Elisa Z. Ramirez acquired 500 shares of the business's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $54.68 per share, with a total value of $27,340.00. Following the transaction, the director now directly owns 8,981 shares in the company, valued at approximately $491,081.08. This represents a 5.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 2,400 shares of company stock worth $130,426 over the last 90 days. 11.90% of the stock is owned by insiders.

Institutional Trading of Century Communities

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Century Communities by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,993,283 shares of the construction company's stock worth $133,749,000 after acquiring an additional 21,619 shares in the last quarter. First Trust Advisors LP lifted its position in Century Communities by 67.3% in the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company's stock valued at $82,200,000 after buying an additional 450,914 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in Century Communities by 32.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,059,648 shares of the construction company's stock worth $71,102,000 after purchasing an additional 258,245 shares during the period. Balyasny Asset Management L.P. increased its stake in shares of Century Communities by 51.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company's stock worth $49,834,000 after buying an additional 230,113 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Century Communities by 8.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 570,335 shares of the construction company's stock valued at $38,269,000 after purchasing an additional 42,809 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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.