Century Communities Inc (NYSE:CCS) Receives $34.38 Average PT from Analysts

Shares of Century Communities Inc (NYSE:CCS) have been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $34.38.

A number of analysts recently issued reports on the stock. Wedbush increased their target price on shares of 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 note on Thursday, August 1st. TheStreet cut Century Communities from a “b-” rating to a “c” rating in a research note on Friday, May 17th. Finally, ValuEngine upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th.

Century Communities stock opened at $25.94 on Friday. Century Communities has a 52 week low of $16.35 and a 52 week high of $31.35. The stock has a 50-day simple moving average of $26.76. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.99. The stock has a market cap of $827.93 million, a price-to-earnings ratio of 6.58 and a beta of 1.27.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.03. Century Communities had a net margin of 3.21% and a return on equity of 11.80%. The company 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 posted $1.21 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that Century Communities will post 3.6 earnings per share for the current fiscal year.

In other Century Communities 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert J. Francescon sold 100,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 376,280 shares in the company, valued at $9,802,094. The disclosure for this sale can be found here. Company insiders own 14.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CCS. Deutsche Bank AG lifted its holdings in shares of Century Communities by 305.8% during the 4th 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. Frontier Capital Management Co. LLC increased its holdings in Century Communities by 16.6% in the first quarter. Frontier Capital Management Co. LLC now owns 1,084,160 shares of the construction company’s stock valued at $25,987,000 after purchasing an additional 154,238 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in Century Communities in the first quarter valued at about $3,300,000. Royce & Associates LP bought a new stake in Century Communities in the first quarter valued at about $2,110,000. Finally, IndexIQ Advisors LLC bought a new stake in Century Communities in the first quarter valued at about $1,542,000. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: What is the role of the G-20?

Analyst Recommendations for Century Communities (NYSE:CCS)

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.