Century Communities (NYSE:CCS) had its target price lowered by B. Riley from $45.00 to $37.00 in a report issued on Wednesday. The brokerage currently has a buy rating on the construction company’s stock. B. Riley also issued estimates for Century Communities’ Q4 2018 earnings at $1.39 EPS, FY2018 earnings at $4.20 EPS and FY2019 earnings at $5.25 EPS.

Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Century Communities from a hold rating to a sell rating in a research note on Thursday, November 1st. Wedbush restated an outperform rating and set a $30.00 price objective (down previously from $42.00) on shares of Century Communities in a research note on Monday, October 29th. They noted that the move was a valuation call. ValuEngine cut Century Communities from a sell rating to a strong sell rating in a research note on Thursday, October 11th. Finally, JPMorgan Chase & Co. cut Century Communities from an overweight rating to a neutral rating and cut their price objective for the company from $38.50 to $31.50 in a research note on Friday, September 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $34.50.

CCS traded down $0.51 on Wednesday, reaching $20.62. The company’s stock had a trading volume of 926,575 shares, compared to its average volume of 695,545. The company has a market capitalization of $649.93 million, a P/E ratio of 7.18 and a beta of 1.19. Century Communities has a 1 year low of $20.10 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.40 and a current ratio of 0.30.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). The business had revenue of $552.90 million during the quarter, compared to analysts’ expectations of $553.88 million. Century Communities had a net margin of 4.34% and a return on equity of 14.49%. The company’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 EPS. As a group, equities research analysts forecast that Century Communities will post 4.2 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Century Communities by 8.6% during the second quarter. BlackRock Inc. now owns 2,156,079 shares of the construction company’s stock valued at $68,026,000 after buying an additional 170,531 shares in the last quarter. B. Riley Financial Inc. raised its stake in Century Communities by 34.6% during the second quarter. B. Riley Financial Inc. now owns 12,912 shares of the construction company’s stock valued at $407,000 after buying an additional 3,320 shares in the last quarter. MetLife Investment Advisors LLC raised its stake in Century Communities by 26.3% during the second quarter. MetLife Investment Advisors LLC now owns 12,109 shares of the construction company’s stock valued at $382,000 after buying an additional 2,523 shares in the last quarter. Swiss National Bank raised its stake in Century Communities by 18.5% during the second quarter. Swiss National Bank now owns 38,466 shares of the construction company’s stock valued at $1,214,000 after buying an additional 6,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Century Communities by 17.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,245,213 shares of the construction company’s stock worth $70,836,000 after purchasing an additional 330,733 shares during the period. Hedge funds and other institutional investors own 80.53% of the company’s stock.

About Century Communities

Century Communities, Inc engages in the development, design, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in California, Colorado, Georgia, Nevada, North Carolina, South Carolina, Tennessee, Texas, Utah, and Washington. It is also involved in the entitlement and development of the underlying land; and the provision of mortgage services and title services to its home buyers.

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Analyst Recommendations for Century Communities (NYSE:CCS)

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