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

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

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

Century Communities stock opened at $27.67 on Monday. Century Communities has a 12 month low of $16.35 and a 12 month high of $30.70. The stock has a market cap of $837.06 million, a price-to-earnings ratio of 7.02 and a beta of 1.27. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average of $26.83.

Century Communities (NYSE:CCS) last announced its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $554.22 million. During the same quarter last year, the firm posted $1.21 EPS. The business’s revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts forecast that Century Communities will post 3.6 earnings per share for the current fiscal year.

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

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

About Century Communities

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.

Further Reading: Earnings Per Share

Analyst Recommendations for Century Communities (NYSE:CCS)

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