Brokerages Set Century Communities, Inc. (NYSE:CCS) Target Price at $67.00

Shares of Century Communities, Inc. (NYSE:CCS) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $67.00.

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Zelman & Associates cut shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Weiss Ratings raised shares of Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. dropped their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Finally, Zacks Research raised Century Communities from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th.

Institutional Trading of Century Communities

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Century Communities during the second quarter worth about $367,973,000. Vanguard Group Inc. raised its stake in shares of Century Communities by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after acquiring an additional 72,920 shares during the period. Wellington Management Group LLP raised its stake in shares of Century Communities by 9.3% in the 4th quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after acquiring an additional 139,141 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after acquiring an additional 254,186 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Century Communities by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock worth $38,562,000 after acquiring an additional 32,561 shares during the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Performance

Shares of NYSE:CCS opened at $69.30 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.56 and a quick ratio of 0.56. The business’s 50 day moving average price is $65.24 and its 200-day moving average price is $62.26. The firm has a market capitalization of $1.97 billion, a PE ratio of 15.20 and a beta of 1.30. Century Communities has a 1 year low of $47.28 and a 1 year high of $76.00.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $0.63 by $0.67. The firm had revenue of $927.23 million during the quarter, compared to the consensus estimate of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The firm’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 EPS. As a group, equities research analysts expect that Century Communities will post 4.86 earnings per share for the current fiscal year.

Century Communities Company Profile

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.