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

Key Points

• Analysts hold a neutral view: Century Communities has a consensus “Hold” rating from seven analysts, with two sells, three holds and two buys. The average 12-month price target is $67, compared with the stock’s reported price of $53.30.
• Quarterly results exceeded expectations: The homebuilder reported earnings of $1.30 per share versus the $0.63 consensus estimate, while revenue reached $927.23 million. However, revenue declined 8.1% year over year.
• Shareholders received a dividend: Century Communities paid a quarterly dividend of $0.32 per share, equivalent to an annualized $1.28 dividend and a 2.4% yield. Institutional investors own 99.54% of the company’s stock.

Century Communities, Inc. (NYSE:CCS - Get Free Report) has received a consensus rating of "Hold" from the seven research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $67.00.

Several research analysts recently weighed in on the stock. Zacks Research cut shares of Century Communities from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 21st. Weiss Ratings upgraded shares of Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Finally, Zelman & Associates lowered shares of Century Communities from a "neutral" rating to an "underperform" rating in a research report on Tuesday, July 7th.

Century Communities Price Performance

Shares of NYSE CCS opened at $53.30 on Tuesday. The stock's 50-day simple moving average is $62.90 and its two-hundred day simple moving average is $61.70. Century Communities has a twelve month low of $47.28 and a twelve month high of $76.00. The firm has a market capitalization of $1.52 billion, a P/E ratio of 11.69 and a beta of 1.28. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.67. The firm had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%. The company's revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. As a group, equities analysts anticipate that Century Communities will post 4.86 EPS for the current fiscal year.

Century Communities Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.4%. Century Communities's dividend payout ratio (DPR) is 28.07%.

Institutional Trading of Century Communities

A number of hedge funds have recently made changes to their positions in CCS. BlackRock Inc. purchased a new stake in Century Communities in the second quarter worth approximately $367,973,000. Jefferies Financial Group Inc. bought a new position in Century Communities during the second quarter valued at approximately $1,509,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Century Communities during the second quarter valued at approximately $4,350,000. Bank of New York Mellon Corp purchased a new position in shares of Century Communities during the second quarter worth approximately $20,055,000. Finally, Lakewood Capital Management LP purchased a new position in shares of Century Communities during the second quarter worth approximately $34,898,000. 99.54% of the stock is owned by institutional investors.

About Century Communities

Century Communities, Inc is a residential homebuilder that designs, constructs, and sells single-family homes and townhomes. The company serves a range of buyers, including first-time homeowners, move-up buyers, and purchasers seeking more affordable housing options.

Century Communities markets homes under the Century Communities and Century Complete brands. Its activities generally include land acquisition and development, community planning, home construction, sales, and customer support.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.