Century Communities' (CCS) Underperform Rating Reiterated at Wedbush

Century Communities (NYSE:CCS - Get Free Report)'s stock had its "underperform" rating reissued by equities research analysts at Wedbush in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a $82.00 target price on the construction company's stock. Wedbush's target price indicates a potential upside of 4.63% from the company's current price.

Separately, B. Riley increased their price objective on Century Communities from $100.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, February 1st.

Century Communities Stock Down 4.6 %

Shares of Century Communities stock traded down $3.77 on Thursday, hitting $78.37. The company had a trading volume of 568,834 shares, compared to its average volume of 319,290. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 9.74 and a beta of 1.71. Century Communities has a 1 year low of $58.01 and a 1 year high of $97.92. The stock has a 50 day moving average of $86.75 and a 200-day moving average of $80.93. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.67. The company had revenue of $948.54 million during the quarter, compared to the consensus estimate of $791.67 million. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. As a group, sell-side analysts forecast that Century Communities will post 10.06 earnings per share for the current year.

Hedge Funds Weigh In On Century Communities

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Century Communities by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,616,401 shares of the construction company's stock worth $238,460,000 after acquiring an additional 17,842 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Century Communities by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company's stock worth $184,104,000 after acquiring an additional 29,989 shares during the period. Jennison Associates LLC boosted its holdings in shares of Century Communities by 17.3% in the third quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company's stock worth $74,424,000 after acquiring an additional 164,478 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Century Communities by 21.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company's stock worth $94,423,000 after acquiring an additional 180,095 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Century Communities by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 434,550 shares of the construction company's stock worth $39,605,000 after acquiring an additional 8,214 shares during the period. 99.54% of the stock is owned by institutional investors.

About Century Communities

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.