Century Communities (CCS) Rating Reiterated by B. Riley

B. Riley reaffirmed their buy rating on shares of Century Communities (NYSE:CCS) in a research report released on Wednesday. They currently have a $41.00 target price on the construction company’s stock. B. Riley also issued estimates for Century Communities’ FY2018 earnings at $3.93 EPS.

A number of other analysts have also commented on CCS. Zacks Investment Research raised shares of Century Communities from a hold rating to a buy rating and set a $36.00 target price for the company in a report on Wednesday. ValuEngine raised shares of Century Communities from a buy rating to a strong-buy rating in a report on Sunday, December 31st. FBR & Co reaffirmed a buy rating and set a $30.00 target price on shares of Century Communities in a report on Tuesday, October 3rd. Wedbush reaffirmed an outperform rating on shares of Century Communities in a report on Saturday, September 16th. Finally, JPMorgan Chase & Co. raised shares of Century Communities from a neutral rating to an overweight rating and lifted their target price for the stock from $28.00 to $32.00 in a report on Thursday, September 14th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $35.17.

Century Communities (NYSE CCS) opened at $34.45 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.19. Century Communities has a 1 year low of $20.30 and a 1 year high of $34.60. The firm has a market cap of $938.87, a P/E ratio of 16.10 and a beta of 1.17.

Century Communities (NYSE:CCS) last released its earnings results on Thursday, November 2nd. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.30. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The firm had revenue of $374.90 million during the quarter, compared to analyst estimates of $409.42 million. During the same quarter in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was up 51.1% compared to the same quarter last year. analysts expect that Century Communities will post 2.12 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Century Communities by 32.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,178,696 shares of the construction company’s stock valued at $29,114,000 after buying an additional 285,856 shares during the period. Boston Partners grew its holdings in shares of Century Communities by 107.5% in the 3rd quarter. Boston Partners now owns 705,530 shares of the construction company’s stock valued at $17,427,000 after buying an additional 365,540 shares during the period. Vanguard Group Inc. grew its holdings in shares of Century Communities by 10.0% in the 2nd quarter. Vanguard Group Inc. now owns 701,673 shares of the construction company’s stock valued at $17,401,000 after buying an additional 63,732 shares during the period. Peregrine Capital Management LLC grew its holdings in shares of Century Communities by 26.9% in the 3rd quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock valued at $11,972,000 after buying an additional 102,878 shares during the period. Finally, Elk Creek Partners LLC grew its holdings in shares of Century Communities by 24.5% in the 3rd quarter. Elk Creek Partners LLC now owns 391,838 shares of the construction company’s stock valued at $9,678,000 after buying an additional 77,035 shares during the period. 66.30% of the stock is owned by institutional investors.

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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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