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

Key Points

• Century Communities has a consensus “Hold” rating from seven analysts, with two sell, two hold, two buy and one strong-buy recommendation. The average 12-month price target is $67, below the stock’s reported opening price of $69.21.
• The homebuilder exceeded quarterly expectations, reporting EPS of $1.30 versus the $0.63 consensus and revenue of $927.23 million, though revenue declined 8.1% year over year.
• Century Communities declared a quarterly dividend of $0.32, equivalent to $1.28 annually and a 1.8% yield; institutional investors own 99.54% of the company’s shares.

Century Communities, Inc. (NYSE:CCS - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $67.00.

Several analysts have recently weighed in on CCS shares. Zacks Research upgraded shares of Century Communities from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Weiss Ratings raised shares of Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Zelman & Associates cut Century Communities from a "neutral" rating to an "underperform" rating in a report on Tuesday, July 7th. Finally, Wall Street Zen upgraded Century Communities from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th.

Century Communities Trading Up 0.1%

Shares of CCS opened at $69.21 on Monday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. Century Communities has a 12-month low of $47.28 and a 12-month high of $76.00. The firm has a 50-day moving average price of $68.46 and a 200 day moving average price of $62.62. The firm has a market capitalization of $1.97 billion, a P/E ratio of 15.18 and a beta of 1.30.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.67. The firm had revenue of $927.23 million during the quarter, compared to analysts' expectations of $857.23 million. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. Century Communities's revenue was down 8.1% compared to the same quarter last year. During the same period last year, the business earned $1.37 earnings per share. Sell-side analysts forecast that Century Communities will post 4.86 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, August 26th. Century Communities's dividend payout ratio is 28.07%.

Institutional Investors Weigh In On Century Communities

A number of institutional investors and hedge funds have recently made changes to their positions in CCS. California State Teachers Retirement System raised its position in Century Communities by 6,886.6% in the second quarter. California State Teachers Retirement System now owns 2,266,677 shares of the construction company's stock valued at $162,430,000 after purchasing an additional 2,234,234 shares during the period. Nykredit A S purchased a new position in Century Communities in the 2nd quarter valued at approximately $26,000. Hsbc Holdings PLC acquired a new position in shares of Century Communities in the second quarter worth $450,000. Wellington Management Group LLP grew its stake in shares of Century Communities by 15.1% in the second quarter. Wellington Management Group LLP now owns 1,050,982 shares of the construction company's stock worth $75,313,000 after acquiring an additional 137,957 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of Century Communities during the second quarter worth $11,292,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.

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