Century Communities (NYSE:CCS) Upgraded by TheStreet to B-

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

A number of other equities analysts have also recently issued reports on the company. ValuEngine upgraded Century Communities from a sell rating to a hold rating in a report on Saturday, July 27th. Wedbush lifted their target price on Century Communities from $33.00 to $37.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research upgraded Century Communities from a strong sell rating to a hold rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $34.38.

Shares of NYSE CCS opened at $26.91 on Monday. 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 capitalization of $819.10 million, a price-to-earnings ratio of 6.83 and a beta of 1.27. The stock’s fifty day simple moving average is $26.89 and its 200 day simple moving average is $25.73. Century Communities has a 52-week low of $16.35 and a 52-week high of $30.70.

Century Communities (NYSE:CCS) last issued its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 EPS. As a group, analysts anticipate that Century Communities will post 3.6 earnings per share for the current year.

In other news, CEO Robert J. Francescon sold 100,000 shares of the firm’s 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 owns 376,280 shares of the company’s stock, valued at $9,802,094. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Scott Dixon sold 8,747 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 14.20% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Century Communities by 82.3% in the second quarter. BlackRock Inc. now owns 4,671,673 shares of the construction company’s stock worth $124,172,000 after buying an additional 2,109,664 shares during the period. Vanguard Group Inc. boosted its position in shares of Century Communities by 32.1% in the second quarter. Vanguard Group Inc. now owns 1,684,946 shares of the construction company’s stock worth $44,785,000 after buying an additional 409,852 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of 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 worth $25,987,000 after buying an additional 154,238 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Century Communities by 49.6% in the second quarter. Bank of New York Mellon Corp now owns 885,587 shares of the construction company’s stock worth $23,539,000 after buying an additional 293,681 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Century Communities by 5,668.7% in the second quarter. Victory Capital Management Inc. now owns 733,028 shares of the construction company’s stock worth $19,484,000 after buying an additional 720,321 shares during the period. 94.90% of the stock is owned by institutional investors and hedge funds.

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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