Zacks Research Upgrades Century Communities (NYSE:CCS) to “Strong-Buy”

Century Communities (NYSE:CCS) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Zelman & Associates lowered shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. reduced their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings upgraded Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. Finally, B. Riley Financial cut Century Communities from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $75.00 to $64.00 in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.00.

Century Communities Stock Performance

CCS stock opened at $71.00 on Monday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 15.57 and a beta of 1.29. The firm has a 50-day simple moving average of $62.22 and a two-hundred day simple moving average of $62.13. Century Communities has a one year low of $47.28 and a one year high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The business had revenue of $927.23 million for the quarter, compared to analysts’ expectations of $857.23 million. During the same period last year, the business earned $1.37 EPS. The company’s revenue was down 8.1% compared to the same quarter last year. On average, equities analysts forecast that Century Communities will post 4.86 EPS for the current fiscal year.

Institutional Trading of Century Communities

Several large investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after purchasing an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after buying an additional 465 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Century Communities during the fourth quarter worth $70,000. Meeder Asset Management Inc. acquired a new stake in shares of Century Communities during the first quarter worth $81,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after buying an additional 1,135 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.