Brokerages Set Century Communities, Inc. (NYSE:CCS) Target Price at $103.00

Century Communities, Inc. (NYSE:CCS) has earned an average recommendation of “Hold” from the four ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $103.00.

CCS has been the topic of several analyst reports. Zelman & Associates upgraded Century Communities to a “hold” rating in a research note on Friday, January 31st. Wedbush reaffirmed a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Finally, StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th.

Century Communities Stock Performance

NYSE CCS opened at $69.18 on Friday. The company has a market cap of $2.14 billion, a P/E ratio of 6.65 and a beta of 2.10. Century Communities has a 1-year low of $66.07 and a 1-year high of $108.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a 50-day moving average of $72.64 and a two-hundred day moving average of $83.30.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, analysts anticipate that Century Communities will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. Century Communities’s dividend payout ratio is presently 11.15%.

Institutional Investors Weigh In On Century Communities

Several institutional investors have recently added to or reduced their stakes in CCS. Illinois Municipal Retirement Fund increased its stake in Century Communities by 2.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company’s stock valued at $1,157,000 after purchasing an additional 349 shares during the last quarter. KBC Group NV grew its position in shares of Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock valued at $96,000 after buying an additional 403 shares during the last quarter. Principal Securities Inc. raised its stake in Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company’s stock worth $156,000 after acquiring an additional 460 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Century Communities in the third quarter valued at $51,000. Finally, Cetera Investment Advisers boosted its stake in Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company’s stock valued at $571,000 after acquiring an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.