Century Communities Inc (NYSE:CCS) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $34.38.
A number of brokerages have recently weighed in on CCS. B. Riley lifted their price objective on Century Communities from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Zacks Investment Research lowered Century Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, October 1st. ValuEngine lowered Century Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Wedbush lifted their price target on Century Communities from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upgraded Century Communities from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $30.50 to $32.50 in a research note on Wednesday, September 11th.
In other Century Communities news, insider John Scott Dixon sold 8,747 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $27.22, for a total transaction of $238,093.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert J. Francescon sold 75,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $27.77, for a total value of $2,082,750.00. Following the sale, the chief executive officer now directly owns 326,280 shares of the company’s stock, valued at approximately $9,060,795.60. The disclosure for this sale can be found here. 14.20% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of Century Communities by 153.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 85,158 shares of the construction company’s stock valued at $2,263,000 after buying an additional 51,561 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Century Communities during the 2nd quarter valued at about $1,138,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Century Communities during the 2nd quarter valued at about $482,000. Swiss National Bank grew its position in shares of Century Communities by 13.1% during the 2nd quarter. Swiss National Bank now owns 47,566 shares of the construction company’s stock valued at $1,264,000 after acquiring an additional 5,500 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in shares of Century Communities during the 2nd quarter valued at about $2,659,000. Institutional investors own 98.44% of the company’s stock.
Shares of NYSE:CCS traded up $0.28 on Thursday, hitting $32.77. The company’s stock had a trading volume of 3,614 shares, compared to its average volume of 352,857. The company has a 50-day simple moving average of $29.56 and a 200 day simple moving average of $27.42. Century Communities has a 1 year low of $16.35 and a 1 year high of $32.60. The company has a market capitalization of $1.01 billion, a PE ratio of 8.32 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.37 and a quick ratio of 0.37.
Century Communities (NYSE:CCS) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. The company had revenue of $608.60 million for the quarter, compared to analysts’ expectations of $554.22 million. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. Century Communities’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS. On average, equities research analysts expect that Century Communities will post 3.6 earnings per share for the current fiscal year.
Century Communities Company Profile
Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
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