Century Communities (CCS) Reaches New 12-Month High at $32.95

Century Communities, Inc (NYSE:CCS)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $32.95 and last traded at $31.90, with a volume of 326500 shares. The stock had previously closed at $31.10.

CCS has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. JPMorgan Chase & Co. upgraded shares of Century Communities from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $28.00 to $32.00 in a research report on Thursday, September 14th. Wedbush upped their price target on shares of Century Communities from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. FBR & Co restated a “buy” rating and set a $30.00 price target on shares of Century Communities in a research report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Century Communities has an average rating of “Buy” and an average target price of $35.17.

The stock has a market cap of $927.84, a PE ratio of 16.06 and a beta of 1.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.87 and a quick ratio of 0.87.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.43 by $0.30. The business had revenue of $374.90 million during the quarter, compared to analyst estimates of $409.42 million. Century Communities had a net margin of 4.03% and a return on equity of 10.70%. The company’s quarterly revenue was up 51.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. equities analysts anticipate that Century Communities, Inc will post 2.12 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Century Communities by 32.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,178,696 shares of the construction company’s stock worth $29,114,000 after purchasing an additional 285,856 shares during the period. Boston Partners lifted its holdings in Century Communities by 107.5% in the third quarter. Boston Partners now owns 705,530 shares of the construction company’s stock worth $17,427,000 after purchasing an additional 365,540 shares during the period. Vanguard Group Inc. lifted its holdings in Century Communities by 10.0% in the second quarter. Vanguard Group Inc. now owns 701,673 shares of the construction company’s stock worth $17,401,000 after purchasing an additional 63,732 shares during the period. Peregrine Capital Management LLC lifted its holdings in Century Communities by 26.9% in the third quarter. Peregrine Capital Management LLC now owns 484,695 shares of the construction company’s stock worth $11,972,000 after purchasing an additional 102,878 shares during the period. Finally, Elk Creek Partners LLC lifted its holdings in Century Communities by 24.5% in the third quarter. Elk Creek Partners LLC now owns 391,838 shares of the construction company’s stock worth $9,678,000 after purchasing an additional 77,035 shares during the period. 66.30% of the stock is owned by institutional investors and hedge funds.

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Century Communities Company Profile

Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.

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