Century Communities (NYSE:CCS) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Century Communities' stock received a "hold (c)" rating from Weiss Ratings, which has been a consistent rating among analysts.
• The company's stock price recently decreased by 2.8% to $63.27, with analysts setting a consensus target price of $85.00.
• In its latest earnings report, Century Communities posted an earnings per share (EPS) of $1.52, exceeding expectations but representing a decline in revenue compared to the previous year.

Century Communities (NYSE:CCS - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

CCS has been the topic of several other research reports. Wall Street Zen raised shares of Century Communities from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. B. Riley initiated coverage on Century Communities in a report on Monday, June 30th. They set a "buy" rating and a $70.00 price target on the stock. Finally, Zacks Research upgraded Century Communities from a "strong sell" rating to a "hold" rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Century Communities currently has an average rating of "Hold" and a consensus target price of $85.00.

Century Communities Stock Down 2.8%

CCS traded down $1.81 during midday trading on Friday, reaching $63.27. 387,250 shares of the company were exchanged, compared to its average volume of 333,095. Century Communities has a one year low of $50.42 and a one year high of $95.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.55 and a current ratio of 0.54. The company's fifty day moving average price is $64.05 and its 200 day moving average price is $59.54. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 9.24 and a beta of 1.55.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.66. Century Communities had a net margin of 5.16% and a return on equity of 9.36%. The firm had revenue of $980.28 million for the quarter, compared to the consensus estimate of $906.10 million. During the same period in the previous year, the firm earned $2.77 EPS. The business's revenue for the quarter was down 13.8% compared to the same quarter last year. As a group, analysts expect that Century Communities will post 11.07 EPS for the current year.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Century Communities by 60.3% in the 1st quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company's stock worth $106,000 after purchasing an additional 594 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Century Communities during the first quarter valued at $423,000. Principal Financial Group Inc. raised its holdings in shares of Century Communities by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 135,730 shares of the construction company's stock valued at $9,107,000 after acquiring an additional 1,870 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Century Communities by 6.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company's stock valued at $3,364,000 after acquiring an additional 3,036 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Century Communities by 11.6% in the first quarter. Envestnet Asset Management Inc. now owns 185,868 shares of the construction company's stock worth $12,472,000 after purchasing an additional 19,385 shares during the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Company Profile

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.

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