Century Communities (NYSE:CCS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, November 21st.
According to Zacks, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado. “
Several other equities analysts have also commented on the company. J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and upped their price target for the company from $28.00 to $32.00 in a research note on Thursday, September 14th. Wedbush restated an “outperform” rating on shares of Century Communities in a report on Saturday, September 16th. FBR & Co reiterated a “buy” rating and issued a $30.00 price objective on shares of Century Communities in a report on Tuesday, October 3rd. BidaskClub cut Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Citigroup reissued a “buy” rating and issued a $30.00 target price on shares of Century Communities in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Century Communities currently has an average rating of “Buy” and a consensus target price of $30.50.
Century Communities (NYSE:CCS) traded up $0.10 during trading on Tuesday, hitting $29.85. The stock had a trading volume of 207,009 shares, compared to its average volume of 191,005. The stock has a market capitalization of $820.30, a PE ratio of 12.10 and a beta of 1.17. Century Communities has a 1-year low of $20.30 and a 1-year high of $31.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87.
Century Communities (NYSE:CCS) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.30. The firm had revenue of $374.90 million during the quarter, compared to analysts’ expectations of $409.42 million. Century Communities had a return on equity of 10.70% and a net margin of 4.03%. The firm’s revenue for the quarter was up 51.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 earnings per share. equities analysts forecast that Century Communities will post 2.12 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of CCS. Boston Partners increased its stake in Century Communities by 107.5% in the 3rd quarter. Boston Partners now owns 705,530 shares of the construction company’s stock valued at $17,427,000 after purchasing an additional 365,540 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Century Communities by 32.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,178,696 shares of the construction company’s stock worth $29,114,000 after buying an additional 285,856 shares in the last quarter. Russell Investments Group Ltd. increased its position in Century Communities by 92.4% during the second quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock worth $12,630,000 after buying an additional 244,629 shares in the last quarter. Alpine Woods Capital Investors LLC purchased a new position in Century Communities during the third quarter worth $3,705,000. Finally, Peregrine Capital Management LLC increased its position in Century Communities by 26.9% during the third quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock worth $11,972,000 after buying an additional 102,878 shares in the last quarter. 66.49% of the stock is owned by institutional investors and hedge funds.
About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.
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