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.
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
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.
- Get a free copy of the StockNews.com research report on Century Communities (CCS)
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