Century Communities, Inc. (NYSE:CCS) Receives Average Recommendation of “Reduce” from Analysts

Century Communities, Inc. (NYSE:CCS) has earned a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $67.00.

Several research analysts recently issued reports on the stock. B. Riley Financial cut Century Communities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. JPMorgan Chase & Co. dropped their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research note on Wednesday, April 29th. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th.

Institutional Investors Weigh In On Century Communities

A number of hedge funds have recently made changes to their positions in the business. New South Capital Management Inc. boosted its stake in shares of Century Communities by 285.1% in the 4th quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after purchasing an additional 451,187 shares in the last quarter. Balyasny Asset Management L.P. raised its position in Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after purchasing an additional 254,186 shares during the period. Goldman Sachs Group Inc. lifted its stake in Century Communities by 58.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 509,499 shares of the construction company’s stock worth $30,239,000 after purchasing an additional 186,938 shares during the last quarter. Norges Bank bought a new stake in Century Communities in the fourth quarter worth $10,386,000. Finally, Wellington Management Group LLP boosted its position in Century Communities by 9.3% during the fourth quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after buying an additional 139,141 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

CCS stock opened at $68.29 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. Century Communities has a one year low of $47.28 and a one year high of $76.00. The stock has a market cap of $1.96 billion, a PE ratio of 15.38 and a beta of 1.29. The firm has a 50 day simple moving average of $59.72 and a two-hundred day simple moving average of $61.68.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.27. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The firm had revenue of $789.67 million for the quarter, compared to analysts’ expectations of $961.12 million. During the same quarter last year, the company posted $1.36 EPS. The business’s quarterly revenue was down 16.9% on a year-over-year basis. On average, analysts predict that Century Communities will post 3.84 EPS for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, May 27th. Century Communities’s dividend payout ratio (DPR) is presently 28.83%.

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.