Century Communities (NYSE:CCS) Reaches New 1-Year High at $33.50

Century Communities Inc (NYSE:CCS) reached a new 52-week high during trading on Tuesday . The stock traded as high as $33.50 and last traded at $33.37, with a volume of 4780 shares. The stock had previously closed at $32.73.

CCS has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $30.50 to $32.50 in a report on Wednesday, September 11th. B. Riley upped their target price on shares of Century Communities from $32.00 to $36.00 and gave the company a “buy” rating in a report on Friday, September 13th. TheStreet upgraded shares of Century Communities from a “c” rating to a “b-” rating in a report on Monday, August 12th. Zacks Investment Research cut shares of Century Communities from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Finally, ValuEngine cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $34.10.

The firm’s fifty day moving average price is $30.15 and its 200-day moving average price is $27.70. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.99. The firm has a market cap of $999.30 million, a price-to-earnings ratio of 8.42 and a beta of 1.22.

Century Communities (NYSE:CCS) last issued its earnings results on Tuesday, July 30th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. Century Communities had a net margin of 3.21% and a return on equity of 11.80%. The business had revenue of $608.60 million during the quarter, compared to analysts’ expectations of $554.22 million. During the same quarter in the prior year, the business posted $1.21 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts expect that Century Communities Inc will post 3.6 earnings per share for the current year.

In related news, CEO Robert J. Francescon sold 75,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $27.77, for a total transaction of $2,082,750.00. Following the completion of the sale, the chief executive officer now owns 326,280 shares in the company, valued at approximately $9,060,795.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Scott Dixon sold 8,747 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $27.22, for a total transaction of $238,093.34. The disclosure for this sale can be found here. Corporate insiders own 14.20% of the company’s stock.

A number of large investors have recently modified their holdings of CCS. Clearbridge Investments LLC acquired a new stake in Century Communities during the 1st quarter worth $25,000. Bank of Montreal Can raised its position in Century Communities by 1,419.2% during the 2nd quarter. Bank of Montreal Can now owns 2,294 shares of the construction company’s stock worth $61,000 after buying an additional 2,143 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Century Communities during the 2nd quarter worth $152,000. State of Alaska Department of Revenue purchased a new position in Century Communities during the 2nd quarter worth $249,000. Finally, Louisiana State Employees Retirement System purchased a new position in Century Communities during the 2nd quarter worth $283,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Century Communities Company Profile (NYSE:CCS)

Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.

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