Century Communities (NYSE:CCS) PT Raised to $90.00 at Wedbush

Century Communities (NYSE:CCS) had its price objective boosted by equities research analysts at Wedbush from $82.00 to $90.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. Wedbush’s target price would suggest a potential downside of 11.67% from the stock’s current price.

Separately, B. Riley reaffirmed a “buy” rating and set a $110.00 price target on shares of Century Communities in a research report on Tuesday, July 16th.

Century Communities Stock Up 5.5 %

CCS stock traded up $5.27 during trading on Thursday, reaching $101.89. 91,389 shares of the company traded hands, compared to its average volume of 308,585. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 11.02 and a beta of 1.86. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.20. The business has a 50 day simple moving average of $84.55 and a 200 day simple moving average of $85.77. Century Communities has a 12 month low of $58.01 and a 12 month high of $103.42.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.19. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. The company’s revenue was up 24.3% compared to the same quarter last year. During the same period last year, the business earned $1.60 EPS. On average, equities research analysts anticipate that Century Communities will post 10.36 earnings per share for the current fiscal year.

Institutional Trading of Century Communities

Institutional investors and hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its stake in shares of Century Communities by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the construction company’s stock worth $1,160,000 after acquiring an additional 200 shares during the period. SummerHaven Investment Management LLC grew its position in Century Communities by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after purchasing an additional 186 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Century Communities by 673.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 66,498 shares of the construction company’s stock valued at $5,430,000 after buying an additional 57,904 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in shares of Century Communities in the second quarter worth about $300,000. Finally, Harbor Capital Advisors Inc. grew its holdings in Century Communities by 4.9% during the second quarter. Harbor Capital Advisors Inc. now owns 8,960 shares of the construction company’s stock worth $732,000 after acquiring an additional 415 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.