Zacks Investment Research Upgrades Century Communities (CCS) to “Hold”

Century Communities (NYSE:CCS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks.com reports.

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. “

Other analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Century Communities from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 9th. Wedbush cut shares of Century Communities from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $26.00 to $24.00 in a research report on Friday, February 8th. TheStreet raised shares of Century Communities from a “c” rating to a “b-” rating in a research note on Tuesday, February 19th. Finally, Zelman & Associates raised shares of Century Communities from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Century Communities has an average rating of “Hold” and a consensus price target of $31.70.

Shares of Century Communities stock opened at $25.45 on Tuesday. The firm has a market cap of $776.22 million, a price-to-earnings ratio of 6.46 and a beta of 1.56. Century Communities has a 52 week low of $16.35 and a 52 week high of $35.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.37 and a quick ratio of 0.37.

Century Communities (NYSE:CCS) last issued its earnings results on Thursday, February 7th. The construction company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.01). The business had revenue of $640.19 million for the quarter, compared to the consensus estimate of $642.07 million. Century Communities had a net margin of 4.49% and a return on equity of 14.64%. The business’s revenue was up 23.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, sell-side analysts forecast that Century Communities will post 3.28 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Century Communities by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,583,310 shares of the construction company’s stock worth $44,588,000 after buying an additional 45,420 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Century Communities by 6.7% during the 3rd quarter. BlackRock Inc. now owns 2,301,346 shares of the construction company’s stock worth $60,410,000 after buying an additional 145,267 shares during the last quarter. Shoals Capital Management LP acquired a new position in shares of Century Communities during the 4th quarter worth about $24,941,000. Vanguard Group Inc lifted its stake in Century Communities by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 1,105,799 shares of the construction company’s stock valued at $29,027,000 after purchasing an additional 21,740 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Century Communities by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,105,799 shares of the construction company’s stock valued at $29,027,000 after purchasing an additional 21,740 shares during the last quarter. 90.09% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: How Do Mutual Funds Work?

Get a free copy of the Zacks research report on Century Communities (CCS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Century Communities (NYSE:CCS)

Receive News & Ratings for Century Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Communities and related companies with MarketBeat.com's FREE daily email newsletter.