Century Communities (NYSE:CCS) Price Target Raised to $113.00 at B. Riley

Century Communities (NYSE:CCS) had its target price upped by B. Riley from $110.00 to $113.00 in a research note released on Thursday morning, Benzinga reports. B. Riley currently has a buy rating on the construction company’s stock.

Separately, Wedbush increased their target price on shares of Century Communities from $82.00 to $90.00 and gave the company a neutral rating in a research report on Thursday.

Century Communities Stock Performance

Shares of Century Communities stock opened at $99.80 on Thursday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 11.08 and a beta of 1.86. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. Century Communities has a twelve month low of $58.01 and a twelve month high of $103.42. The company’s fifty day moving average is $84.80 and its 200 day moving average is $85.87.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.19. Century Communities had a return on equity of 14.15% and a net margin of 7.90%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $1.60 EPS. The business’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts forecast that Century Communities will post 10.36 EPS for the current year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a yield of 1.04%. Century Communities’s payout ratio is currently 11.54%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Covestor Ltd lifted its stake in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after buying an additional 133 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Century Communities during the 4th quarter valued at $36,000. GAMMA Investing LLC bought a new position in Century Communities during the fourth quarter worth $55,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Century Communities in the first quarter worth $57,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Century Communities in the 4th quarter valued at about $107,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Company Profile

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.