Century Communities (NYSE:CCS) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Century Communities (NYSE:CCS – Get Rating) in a research note issued on Thursday. The firm set a “hold” rating on the construction company’s stock.

A number of other equities analysts have also recently weighed in on CCS. JPMorgan Chase & Co. cut Century Communities from an “overweight” rating to an “underweight” rating and raised their price objective for the company from $47.50 to $48.00 in a report on Tuesday, November 22nd. B. Riley raised their price objective on Century Communities from $49.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. Wedbush decreased their price objective on Century Communities from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, February 2nd. Finally, BTIG Research initiated coverage on Century Communities in a report on Tuesday, November 29th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.50.

Century Communities Stock Performance

NYSE:CCS opened at $57.73 on Thursday. The business’s 50-day moving average price is $59.61 and its two-hundred day moving average price is $51.32. Century Communities has a twelve month low of $39.00 and a twelve month high of $65.38. The stock has a market cap of $1.83 billion, a P/E ratio of 3.63 and a beta of 1.73. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.47.

Century Communities (NYSE:CCS – Get Rating) last released its quarterly earnings results on Wednesday, February 1st. The construction company reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.32. Century Communities had a return on equity of 26.64% and a net margin of 11.65%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm posted $4.78 EPS. The company’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts predict that Century Communities will post 6.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert J. Francescon sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $64.05, for a total transaction of $1,601,250.00. Following the transaction, the chief executive officer now directly owns 549,561 shares in the company, valued at approximately $35,199,382.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 11.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Century Communities

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Century Communities by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,468,536 shares of the construction company’s stock worth $123,452,000 after buying an additional 75,562 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Century Communities by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,167,858 shares of the construction company’s stock valued at $116,132,000 after purchasing an additional 39,505 shares in the last quarter. State Street Corp boosted its position in shares of Century Communities by 5.9% during the first quarter. State Street Corp now owns 1,313,759 shares of the construction company’s stock valued at $70,378,000 after purchasing an additional 72,801 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Century Communities by 6.5% during the third quarter. Jennison Associates LLC now owns 986,003 shares of the construction company’s stock valued at $42,181,000 after purchasing an additional 59,853 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Century Communities by 20.7% during the second quarter. Clearbridge Investments LLC now owns 632,292 shares of the construction company’s stock valued at $28,434,000 after purchasing an additional 108,425 shares in the last quarter. 88.86% of the stock is currently owned by institutional investors.

Century Communities Company Profile

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Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following segments: West, Mountain, Texas, Southeast, Century Complete, and Financial Services. The West segment refers to projects in California and Washington.