Century Communities (NYSE:CCS) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Century Communities was upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more neutral outlook for the stock.
• The company's stock currently has an average price target of $85.00 with recent earnings exceeding expectations, reporting $1.37 earnings per share compared to an estimate of $1.16.
• Insiders have been actively buying shares, with one director acquiring 500 shares at an average price of $54.68, demonstrating confidence in the company's future performance.

Century Communities (NYSE:CCS - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other research firms have also recently weighed in on CCS. B. Riley assumed coverage on Century Communities in a research note on Monday, June 30th. They set a "buy" rating and a $70.00 target price for the company. Wedbush decreased their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $85.00.

Century Communities Price Performance

CCS stock opened at $59.60 on Friday. The business has a 50 day moving average price of $56.22 and a 200 day moving average price of $63.31. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 7.28 and a beta of 1.44. Century Communities has a fifty-two week low of $50.42 and a fifty-two week high of $108.42. The company has a quick ratio of 0.57, a current ratio of 0.55 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. The firm had revenue of $1 billion during the quarter, compared to analysts' expectations of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%. The firm's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.65 earnings per share. Equities research analysts anticipate that Century Communities will post 11.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Elisa Z. Ramirez bought 500 shares of the stock in a transaction on Friday, May 9th. The shares were bought at an average price of $54.68 per share, with a total value of $27,340.00. Following the completion of the acquisition, the director owned 8,981 shares of the company's stock, valued at approximately $491,081.08. This trade represents a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 2,400 shares of company stock valued at $130,426 over the last quarter. 11.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Century Communities

Several large investors have recently bought and sold shares of the company. Sigma Planning Corp grew its holdings in Century Communities by 4.2% in the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company's stock valued at $330,000 after purchasing an additional 200 shares during the last quarter. US Bancorp DE grew its holdings in Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after purchasing an additional 232 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Century Communities by 4.7% in the first quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company's stock valued at $394,000 after purchasing an additional 266 shares during the last quarter. GAMMA Investing LLC grew its holdings in Century Communities by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company's stock valued at $104,000 after purchasing an additional 275 shares during the last quarter. Finally, Boston Partners grew its holdings in Century Communities by 3.5% in the first quarter. Boston Partners now owns 9,171 shares of the construction company's stock valued at $615,000 after purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company's stock.

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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