Analysts Set Century Communities, Inc. (NYSE:CCS) Price Target at $67.00

Century Communities, Inc. (NYSE:CCS) has received an average recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $67.00.

CCS has been the topic of several recent analyst reports. Zelman & Associates lowered shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 7th. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. B. Riley Financial downgraded Century Communities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $75.00 to $64.00 in a report on Thursday, April 23rd. Weiss Ratings raised Century Communities from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 29th.

Century Communities Stock Up 3.3%

Century Communities stock opened at $71.21 on Thursday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 15.62 and a beta of 1.30. Century Communities has a 52-week low of $47.28 and a 52-week high of $76.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a 50 day moving average price of $64.94 and a two-hundred day moving average price of $62.28.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 22nd. The construction company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.06%. The company had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. During the same period in the prior year, the firm posted $1.37 EPS. The company’s quarterly revenue was down 8.1% on a year-over-year basis. Equities analysts predict that Century Communities will post 4.86 EPS for the current year.

Institutional Investors Weigh In On Century Communities

A number of hedge funds have recently added to or reduced their stakes in CCS. BlackRock Inc. bought a new position in shares of Century Communities during the 2nd quarter worth approximately $367,973,000. Vanguard Group Inc. increased its stake in shares of Century Communities by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after acquiring an additional 72,920 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Century Communities by 9.3% during the 4th quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after acquiring an additional 139,141 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Century Communities by 32.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after acquiring an additional 254,186 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Century Communities by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock valued at $38,562,000 after acquiring an additional 32,561 shares during the period. 99.54% of the stock is currently owned by institutional investors.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.