Century Communities, Inc. (NYSE:CCS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) have received a consensus rating of "Moderate Buy" from the four research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $85.00.

A number of equities analysts have recently weighed in on the stock. Wedbush dropped their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. B. Riley assumed coverage on shares of Century Communities in a report on Monday. They set a "buy" rating and a $70.00 price target for the company.

Insider Buying and Selling at Century Communities

In other news, Director Elisa Z. Ramirez bought 500 shares of Century Communities stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $54.68 per share, for a total transaction of $27,340.00. Following the purchase, the director owned 8,981 shares of the company's stock, valued at approximately $491,081.08. This trade represents a 5.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders purchased 2,400 shares of company stock valued at $130,426. Corporate insiders own 12.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc raised its position in Century Communities by 533.9% in the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after purchasing an additional 331 shares during the last quarter. US Bancorp DE raised 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 buying an additional 232 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after acquiring an additional 569 shares during the last quarter. Sterling Capital Management LLC increased its position in Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after acquiring an additional 688 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Century Communities by 104.5% in the first quarter. Covestor Ltd now owns 1,086 shares of the construction company's stock worth $73,000 after acquiring an additional 555 shares during the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Trading Up 5.4%

Shares of Century Communities stock traded up $3.05 during trading on Tuesday, hitting $59.37. The stock had a trading volume of 565,180 shares, compared to its average volume of 380,716. Century Communities has a 1 year low of $50.42 and a 1 year high of $108.42. The stock has a 50 day simple moving average of $54.41 and a 200 day simple moving average of $65.09. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1.81 billion, a PE ratio of 6.15 and a beta of 1.43.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The firm had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. Century Communities had a return on equity of 12.80% and a net margin of 7.10%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.22 earnings per share. On average, research analysts expect that Century Communities will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities's dividend payout ratio is 12.01%.

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.