Century Communities (NYSE:CCS) Hits New 12-Month High at $30.04

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Shares of Century Communities Inc (NYSE:CCS) hit a new 52-week high on Thursday . The stock traded as high as $30.04 and last traded at $30.00, with a volume of 3914 shares. The stock had previously closed at $29.03.

Several brokerages have weighed in on CCS. JPMorgan Chase & Co. raised Century Communities from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $30.50 to $32.50 in a research report on Wednesday. TheStreet raised Century Communities from a “c” rating to a “b-” rating in a report on Monday, August 12th. ValuEngine raised Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Wedbush increased their price objective on Century Communities from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research raised Century Communities from a “strong sell” rating to a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Century Communities has an average rating of “Buy” and an average price target of $34.63.

The firm has a 50 day moving average of $27.53 and a two-hundred day moving average of $26.26. The stock has a market cap of $844.97 million, a P/E ratio of 7.58 and a beta of 1.25. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.37 and a current ratio of 0.37.

Century Communities (NYSE:CCS) last announced its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. Century Communities had a return on equity of 11.80% and a net margin of 3.21%. The firm had revenue of $608.60 million during the quarter, compared to the consensus estimate of $554.22 million. During the same quarter in the prior year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Century Communities Inc will post 3.6 EPS for the current fiscal year.

In other Century Communities news, CEO Robert J. Francescon sold 75,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $27.77, for a total value of $2,082,750.00. Following the completion of the sale, the chief executive officer now owns 326,280 shares in the company, valued at approximately $9,060,795.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was 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. Insiders sold a total of 183,747 shares of company stock valued at $4,925,843 in the last quarter. Corporate insiders own 14.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC bought a new position in shares of Century Communities during the 1st quarter worth approximately $25,000. Bank of Montreal Can lifted its position in shares of Century Communities by 1,419.2% during the 2nd quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock worth $61,000 after buying an additional 2,143 shares during the period. SG Americas Securities LLC bought a new position in shares of Century Communities during the 1st quarter worth approximately $100,000. BNP Paribas Arbitrage SA lifted its position in shares of Century Communities by 271,950.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,441 shares of the construction company’s stock worth $130,000 after buying an additional 5,439 shares during the period. Finally, Rehmann Capital Advisory Group bought a new position in shares of Century Communities during the 1st quarter worth approximately $136,000. Institutional investors own 98.50% of the company’s stock.

About Century Communities (NYSE:CCS)

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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