Century Communities (NYSE:CCS) Stock Rating Upgraded by TheStreet

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Century Communities (NYSE:CCS) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research report issued on Monday, TheStreetRatingsTable reports.

A number of other analysts have also recently weighed in on CCS. Wedbush increased their price target on Century Communities from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. ValuEngine upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Finally, Zacks Investment Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.38.

Shares of Century Communities stock opened at $27.67 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.37 and a quick ratio of 0.37. The business’s 50 day moving average is $26.83. The firm has a market cap of $837.06 million, a PE ratio of 7.02 and a beta of 1.27. Century Communities has a twelve month low of $16.35 and a twelve month high of $30.70.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The business 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%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS. As a group, research analysts forecast that Century Communities will post 3.6 EPS for the current year.

In related news, CEO Robert J. Francescon sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $26.05, for a total value of $2,605,000.00. Following the sale, the chief executive officer now directly owns 376,280 shares in the company, valued at approximately $9,802,094. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Scott Dixon sold 8,747 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $27.22, for a total value of $238,093.34. The disclosure for this sale can be found here. 14.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Century Communities by 23.5% in the fourth quarter. Geode Capital Management LLC now owns 289,221 shares of the construction company’s stock valued at $4,991,000 after buying an additional 54,994 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Century Communities by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,551 shares of the construction company’s stock worth $148,000 after buying an additional 6,678 shares during the last quarter. Legal & General Group Plc raised its stake in Century Communities by 21.7% during the fourth quarter. Legal & General Group Plc now owns 4,943 shares of the construction company’s stock worth $86,000 after buying an additional 882 shares during the last quarter. Deutsche Bank AG increased its stake in Century Communities by 305.8% in the fourth quarter. Deutsche Bank AG now owns 295,577 shares of the construction company’s stock valued at $5,100,000 after purchasing an additional 222,730 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Century Communities by 271,950.0% in the first quarter. BNP Paribas Arbitrage SA now owns 5,441 shares of the construction company’s stock valued at $130,000 after purchasing an additional 5,439 shares in the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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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Analyst Recommendations for Century Communities (NYSE:CCS)

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