J P Morgan Chase & Co upgraded shares of Century Communities, Inc. (NYSE:CCS) from a neutral rating to an overweight rating in a report published on Thursday morning. They currently have $32.00 price target on the construction company’s stock, up from their prior price target of $28.00.
CCS has been the subject of a number of other reports. ValuEngine raised Century Communities from a buy rating to a strong-buy rating in a research report on Friday, June 2nd. Citigroup Inc. reaffirmed a buy rating and issued a $30.00 price objective on shares of Century Communities in a research report on Tuesday, August 8th. Finally, BidaskClub cut Century Communities from a buy rating to a hold rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $29.80.
Shares of Century Communities (CCS) traded down 1.65% on Thursday, reaching $23.80. The company’s stock had a trading volume of 132,736 shares. The firm has a market cap of $535.48 million, a price-to-earnings ratio of 10.00 and a beta of 1.04. Century Communities has a 1-year low of $18.45 and a 1-year high of $28.05. The company’s 50 day moving average is $23.56 and its 200-day moving average is $24.99.
Century Communities (NYSE:CCS) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.01). Century Communities had a net margin of 4.87% and a return on equity of 10.74%. The business had revenue of $287.60 million during the quarter, compared to analyst estimates of $305.38 million. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that Century Communities will post $2.22 EPS for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Century Communities by 24.4% during the second quarter. Dimensional Fund Advisors LP now owns 892,840 shares of the construction company’s stock worth $22,142,000 after purchasing an additional 175,217 shares during the period. Vanguard Group Inc. increased its stake in shares of Century Communities by 10.0% during 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. Russell Investments Group Ltd. increased its stake in shares of Century Communities by 92.4% during the second quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock worth $12,630,000 after purchasing an additional 244,629 shares during the period. Wellington Management Group LLP increased its stake in shares of Century Communities by 8.4% during the first quarter. Wellington Management Group LLP now owns 467,598 shares of the construction company’s stock worth $11,877,000 after purchasing an additional 36,038 shares during the period. Finally, Foresters Investment Management Company Inc. increased its stake in shares of Century Communities by 1.2% during the first quarter. Foresters Investment Management Company Inc. now owns 408,000 shares of the construction company’s stock worth $10,363,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 59.80% of the company’s stock.
About Century Communities
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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