Century Communities Inc (NYSE:CCS) has earned an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $32.63.
A number of equities research analysts recently commented on CCS shares. Wedbush reiterated an “outperform” rating and issued a $30.00 target price (down from $42.00) on shares of Century Communities in a research report on Monday, October 29th. They noted that the move was a valuation call. B. Riley decreased their target price on Century Communities from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, November 7th. JPMorgan Chase & Co. downgraded Century Communities from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $38.50 to $31.50 in a research report on Friday, September 21st. ValuEngine downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, Zacks Investment Research downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st.
A number of hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. raised its position in Century Communities by 2.8% during the second quarter. Victory Capital Management Inc. now owns 65,659 shares of the construction company’s stock valued at $2,072,000 after purchasing an additional 1,792 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Century Communities by 36.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 8,551 shares of the construction company’s stock valued at $270,000 after purchasing an additional 2,279 shares during the period. MetLife Investment Advisors LLC raised its position 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 purchasing an additional 2,523 shares during the period. Laurion Capital Management LP raised its position in Century Communities by 7.2% during the third quarter. Laurion Capital Management LP now owns 38,987 shares of the construction company’s stock valued at $1,023,000 after purchasing an additional 2,635 shares during the period. Finally, Thomson Horstmann & Bryant Inc. raised its position in Century Communities by 1.0% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 298,622 shares of the construction company’s stock valued at $7,838,000 after purchasing an additional 2,985 shares during the period. Institutional investors and hedge funds own 81.07% of the company’s stock.
Century Communities (NYSE:CCS) last posted its 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 firm had revenue of $552.90 million during the quarter, compared to analysts’ expectations of $553.88 million. Century Communities had a return on equity of 14.49% and a net margin of 4.34%. Century Communities’s quarterly revenue was up 47.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, research analysts forecast that Century Communities will post 4.2 earnings per share for the current year.
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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