Century Communities, Inc. (CCS) Hits New 1-Year High at $28.40

Century Communities, Inc. (NYSE:CCS)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $28.40 and last traded at $28.25, with a volume of 65,065 shares. The stock had previously closed at $27.85.

A number of brokerages have commented on CCS. Zacks Investment Research downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. FBR & Co restated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research note on Tuesday, October 3rd. BidaskClub lowered Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Citigroup Inc. restated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research note on Tuesday, August 8th. Finally, Wedbush restated an “outperform” rating on shares of Century Communities in a research note on Saturday, September 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Century Communities currently has a consensus rating of “Buy” and a consensus price target of $30.50.

Century Communities (NYSE:CCS) last issued its earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Century Communities had a return on equity of 10.74% and a net margin of 4.87%. The business had revenue of $287.60 million for the quarter, compared to analyst estimates of $305.38 million. During the same period last year, the business posted $0.62 EPS. Century Communities’s revenue was up 11.8% on a year-over-year basis.

Several hedge funds and other institutional investors have recently modified their holdings of CCS. Wells Fargo & Company MN raised its position in shares of Century Communities by 200.0% during the 1st quarter. Wells Fargo & Company MN now owns 31,214 shares of the construction company’s stock worth $793,000 after acquiring an additional 20,811 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Century Communities by 12.8% during the 1st quarter. Bank of New York Mellon Corp now owns 103,483 shares of the construction company’s stock worth $2,628,000 after acquiring an additional 11,706 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Century Communities during the 1st quarter worth about $268,000. Prudential Financial Inc. raised its position in shares of Century Communities by 681.4% during the 1st quarter. Prudential Financial Inc. now owns 81,190 shares of the construction company’s stock worth $2,062,000 after acquiring an additional 70,800 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of Century Communities by 7.2% during the 1st quarter. American International Group Inc. now owns 9,383 shares of the construction company’s stock worth $238,000 after acquiring an additional 633 shares in the last quarter. 59.45% of the stock is currently owned by institutional investors and hedge funds.

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Century Communities Company Profile

Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.

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