Century Communities, Inc. (NYSE:CCS) Stock Has Consensus Price Target of $67.00 According to Analysts

Key Points

• Analysts rate Century Communities “Hold” overall: Two recommend selling, three recommend holding, and two recommend buying. The consensus 12-month price target is $67.00, compared with a recent share price of $62.02.
• Quarterly results exceeded expectations: The homebuilder reported $1.30 in earnings per share versus the $0.63 consensus estimate, while revenue reached $927.23 million. However, revenue declined 8.1% year over year.
• Century Communities pays a quarterly dividend of $0.32 per share, equivalent to $1.28 annually and a 2.1% yield. Institutional investors own approximately 99.54% of the company’s outstanding stock.

Shares of Century Communities, Inc. (NYSE:CCS - Get Free Report) have been given a consensus recommendation of "Hold" by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $67.00.

A number of analysts have weighed in on the stock. Zelman & Associates downgraded shares of Century Communities from a "neutral" rating to an "underperform" rating in a report on Tuesday, July 7th. 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. Zacks Research cut shares of Century Communities from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research report on Saturday, June 20th.

Century Communities Price Performance

Shares of NYSE:CCS opened at $62.02 on Friday. The business has a 50 day moving average price of $66.58 and a 200 day moving average price of $61.68. Century Communities has a twelve month low of $47.28 and a twelve month high of $76.00. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 13.60 and a beta of 1.30. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

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

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. Century Communities's payout ratio is currently 28.07%.

Institutional Investors Weigh In On Century Communities

A number of institutional investors have recently bought and sold shares of CCS. ProShare Advisors LLC lifted its position in shares of Century Communities by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company's stock valued at $301,000 after buying an additional 155 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Century Communities by 2.4% during the first quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company's stock worth $867,000 after buying an additional 359 shares in the last quarter. Nykredit A S bought a new stake in Century Communities in the 2nd quarter valued at about $26,000. Campbell Newman Asset Management Inc. boosted its stake in shares of Century Communities by 1.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 26,241 shares of the construction company's stock valued at $1,506,000 after buying an additional 440 shares during the period. Finally, Amundi lifted its position in shares of Century Communities by 10.3% during the 1st quarter. Amundi now owns 5,079 shares of the construction company's stock valued at $291,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Company Profile

Century Communities, Inc is a homebuilding company headquartered in Denver, Colorado. Founded in 2002, the company develops and constructs single-family homes and townhomes for first-time, move-up and active-adult buyers.

The company markets homes under the Century Communities and Century Complete brands. Century Communities generally offers homes through its traditional sales model, while Century Complete focuses on streamlined, value-oriented homebuying, including online purchasing in select communities.

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