Wedbush reaffirmed their outperform rating on shares of Century Communities (NYSE:CCS) in a report published on Wednesday. The firm currently has a $42.00 price target on the construction company’s stock.
Several other analysts also recently weighed in on CCS. ValuEngine downgraded Century Communities from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Century Communities from a hold rating to a buy rating and set a $33.00 price target on the stock in a research note on Friday, May 4th. Deutsche Bank increased their target price on Century Communities from $33.00 to $40.00 and gave the company a buy rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase increased their target price on Century Communities from $34.00 to $37.50 and gave the company an overweight rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $36.36.
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Shares of Century Communities stock traded up $0.20 during midday trading on Wednesday, hitting $30.75. The company had a trading volume of 5,059 shares, compared to its average volume of 206,905. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $946.25 million, a P/E ratio of 10.64 and a beta of 1.09. Century Communities has a 52-week low of $30.70 and a 52-week high of $31.10.
Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.23. The company had revenue of $401.85 million for the quarter, compared to the consensus estimate of $377.72 million. Century Communities had a return on equity of 13.28% and a net margin of 3.87%. The firm’s quarterly revenue was up 76.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. equities analysts expect that Century Communities will post 3.75 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of CCS. Wells Fargo & Company MN boosted its stake in Century Communities by 16.6% during the 3rd quarter. Wells Fargo & Company MN now owns 54,482 shares of the construction company’s stock valued at $1,346,000 after purchasing an additional 7,742 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Century Communities by 159.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 70,567 shares of the construction company’s stock worth $1,744,000 after buying an additional 43,415 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Century Communities by 32.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,178,696 shares of the construction company’s stock worth $29,114,000 after buying an additional 285,856 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Century Communities in the 3rd quarter worth $224,000. Finally, Thomson Horstmann & Bryant Inc. boosted its stake in shares of Century Communities by 17.7% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 301,453 shares of the construction company’s stock worth $9,375,000 after buying an additional 45,341 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.
About Century Communities
Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.