Century Communities (NYSE:CCS) Raised to B- at TheStreet

TheStreet upgraded shares of Century Communities (NYSE:CCS) from a c rating to a b- rating in a report issued on Monday morning, TheStreetRatingsTable reports.

CCS has been the topic of a number of other reports. 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. Zacks Investment Research upgraded Century Communities from a strong sell rating to a hold rating in a research report on Thursday, August 1st. Finally, ValuEngine upgraded Century Communities from a sell rating to a hold rating in a research report on Saturday, July 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $34.38.

Shares of Century Communities stock opened at $26.83 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 $26.86. The firm has a market cap of $819.10 million, a PE ratio of 8.06 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, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert J. Francescon sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 376,280 shares in the company, valued at $9,802,094. The disclosure for this sale can be found here. 14.20% of the stock is owned by company insiders.

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

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.

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Analyst Recommendations for Century Communities (NYSE:CCS)

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