Century Communities, Inc. (NYSE:CCS) Receives $74.75 Consensus Target Price from Analysts

Century Communities, Inc. (NYSE:CCS) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $74.75.

A number of research firms have weighed in on CCS. Zacks Research cut Century Communities from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Citigroup initiated coverage on shares of Century Communities in a report on Wednesday, January 21st. They set an “outperform” rating for the company. B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Finally, Citizens Jmp initiated coverage on Century Communities in a research note on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price target on the stock.

Century Communities Stock Down 0.1%

Shares of Century Communities stock opened at $59.92 on Friday. Century Communities has a twelve month low of $50.42 and a twelve month high of $76.00. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 12.33 and a beta of 1.54. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $66.57 and a 200 day moving average price of $63.87.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. Century Communities had a return on equity of 6.87% and a net margin of 3.58%.The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $3.54 earnings per share. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts forecast that Century Communities will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.32 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. Century Communities’s dividend payout ratio (DPR) is currently 26.34%.

Insider Activity

In related news, Chairman Dale Francescon sold 100,100 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $72.44, for a total value of $7,251,244.00. Following the sale, the chairman directly owned 561,662 shares of the company’s stock, valued at $40,686,795.28. This represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 12.60% of the company’s stock.

Institutional Investors Weigh In On Century Communities

Several hedge funds and other institutional investors have recently modified their holdings of CCS. ProShare Advisors LLC lifted its position in shares of Century Communities by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 5,064 shares of the construction company’s stock worth $301,000 after purchasing an additional 155 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Century Communities by 7.8% in the second quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after buying an additional 173 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Century Communities by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock valued at $793,000 after buying an additional 173 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Century Communities by 8.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the construction company’s stock valued at $159,000 after buying an additional 185 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Century Communities by 4.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,917 shares of the construction company’s stock worth $312,000 after buying an additional 191 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

About Century Communities

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.