Century Communities (NYSE:CCS) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Century Communities (NYSE:CCS) from a sell rating to a hold rating in a research report report published on Monday morning, Zacks.com reports. The brokerage currently has $42.00 price objective on the construction company’s stock.

According to Zacks, “Century Communities, Inc. is a home building and construction company. Its activities comprise land acquisition, development, and entitlements; and the acquisition, development, construction, marketing, and sale of various single-family detached and attached residential home projects. The Company operates in major metropolitan markets in Colorado, Texas and Nevada. Century Communities, Inc. is based in Greenwood Village, Colorado. “

A number of other equities research analysts have also commented on CCS. Wedbush upped their price target on Century Communities from $34.00 to $38.00 and gave the company a neutral rating in a research report on Friday, February 7th. B. Riley upped their price target on Century Communities from $40.00 to $44.00 and gave the company a buy rating in a research report on Friday, February 7th. Finally, ValuEngine upgraded Century Communities from a strong sell rating to a sell rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Century Communities has an average rating of Hold and an average target price of $39.13.

NYSE CCS opened at $37.81 on Monday. The business’s 50-day moving average price is $30.01 and its two-hundred day moving average price is $29.20. Century Communities has a 12 month low of $21.95 and a 12 month high of $38.27. The firm has a market capitalization of $1.22 billion, a PE ratio of 10.59 and a beta of 1.14. The company has a current ratio of 0.83, a quick ratio of 0.32 and a debt-to-equity ratio of 0.84.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Thursday, February 6th. The construction company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.23. Century Communities had a return on equity of 12.50% and a net margin of 4.46%. The firm had revenue of $775.70 million for the quarter, compared to analyst estimates of $740.00 million. During the same quarter in the previous year, the company posted $1.11 EPS. The business’s revenue was up 21.2% on a year-over-year basis. As a group, analysts forecast that Century Communities will post 4.2 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Century Communities by 32.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,684,946 shares of the construction company’s stock valued at $44,785,000 after purchasing an additional 409,852 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Century Communities by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 1,164,673 shares of the construction company’s stock valued at $34,556,000 after purchasing an additional 12,409 shares in the last quarter. State Street Corp boosted its position in shares of Century Communities by 8.3% during the 4th quarter. State Street Corp now owns 998,539 shares of the construction company’s stock valued at $27,310,000 after purchasing an additional 76,243 shares in the last quarter. Peregrine Capital Management LLC boosted its position in shares of Century Communities by 13.5% during the 4th quarter. Peregrine Capital Management LLC now owns 403,057 shares of the construction company’s stock valued at $11,024,000 after purchasing an additional 48,074 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in Century Communities by 299.1% in the second quarter. Morgan Stanley now owns 278,744 shares of the construction company’s stock worth $7,410,000 after acquiring an additional 208,906 shares in the last quarter. Institutional investors own 96.17% of the company’s stock.

Century Communities Company Profile

Century Communities, Inc engages in the design, development, construction, marketing, and sale of single-family attached and detached homes in metropolitan areas in Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.

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