Century Communities (NYSE:CCS – Get Free Report) 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.
Several other equities research analysts also recently weighed in on CCS. B. Riley Financial downgraded shares of Century Communities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $75.00 to $64.00 in a research note on Thursday, April 23rd. JPMorgan Chase & Co. cut their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings upgraded Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Zelman & Associates lowered shares of Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.00.
Check Out Our Latest Stock Report on CCS
Century Communities Stock Performance
Century Communities (NYSE:CCS – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, topping 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 firm had revenue of $927.23 million for the quarter, compared to analysts’ expectations of $857.23 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The company’s revenue was down 8.1% on a year-over-year basis. As a group, research analysts expect that Century Communities will post 4.86 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Century Communities
A number of large investors have recently made changes to their positions in CCS. Parallel Advisors LLC grew its holdings in Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after purchasing an additional 411 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 purchasing an additional 465 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Century Communities during the 4th quarter valued at approximately $70,000. Meeder Asset Management Inc. bought a new position in shares of Century Communities during the first quarter worth $81,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.
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.
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