Century Communities, Inc. (CCS) – What Are Brokerages Thinking About This Stock?

Shares of Century Communities, Inc. (NYSE:CCS) have earned an average rating of “Hold” from the seven analysts that are covering the stock, Marketbeat reports. Two equities 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $67.00.

A number of brokerages have recently weighed in on CCS. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Zacks Research lowered Century Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 21st. Finally, Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently bought and sold shares of CCS. Versant Capital Management Inc increased its position in Century Communities by 56.3% during the 3rd quarter. Versant Capital Management Inc now owns 644 shares of the construction company’s stock worth $39,000 after purchasing an additional 232 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in shares of Century Communities by 7.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,659 shares of the construction company’s stock valued at $208,000 after acquiring an additional 252 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Century Communities by 287.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 430 shares of the construction company’s stock valued at $26,000 after acquiring an additional 319 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in Century Communities by 2.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,108 shares of the construction company’s stock worth $867,000 after purchasing an additional 359 shares during the period. Finally, Nykredit A S purchased a new stake in Century Communities during the 2nd quarter worth $26,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Stock Performance

Shares of Century Communities stock opened at $57.62 on Tuesday. The company has a market capitalization of $1.64 billion, a PE ratio of 12.63 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. The company has a 50-day simple moving average of $61.88 and a two-hundred day simple moving average of $62.43. Century Communities has a one year low of $47.28 and a one year high of $76.00.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.2%. Century Communities’s payout ratio is presently 28.07%.

About Century Communities

Century Communities, Inc (NYSE: CCS) is a residential homebuilder that designs, develops and constructs single-family detached and attached homes for a range of homebuyers, including first-time, move-up and active-adult buyers. The company sells homes under the Century Communities and Century Complete brands, offering a variety of floor plans, home features and community amenities.

Founded in 2000 and headquartered in Denver, Colorado, Century Communities operates in numerous housing markets across the Western, Southern and Southeastern United States.