Century Communities (NYSE:CCS) Stock Rating Upgraded by Zacks Research

Century Communities (NYSE:CCS) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

CCS has been the topic of several other reports. JPMorgan Chase & Co. reduced their price objective on Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 29th. Weiss Ratings downgraded Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Saturday. Finally, B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $67.00.

Century Communities Stock Performance

Shares of NYSE CCS opened at $62.68 on Monday. Century Communities has a one year low of $47.28 and a one year high of $76.00. The stock’s fifty day moving average price is $56.66 and its two-hundred day moving average price is $60.85. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 14.12 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.27. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The business had revenue of $789.67 million during the quarter, compared to analysts’ expectations of $961.12 million. During the same period in the previous year, the company posted $1.36 earnings per share. The firm’s revenue for the quarter was down 16.9% compared to the same quarter last year. On average, equities analysts forecast that Century Communities will post 3.84 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Century Communities by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock worth $117,397,000 after buying an additional 72,920 shares during the last quarter. Wellington Management Group LLP increased its holdings in 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 worth $96,803,000 after acquiring an additional 139,141 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in 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. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $38,562,000 after acquiring an additional 32,561 shares during the period. Finally, New South Capital Management Inc. raised its stake in Century Communities by 285.1% in the 4th quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after acquiring an additional 451,187 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

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.