Century Communities Inc. (CCS) Now Covered by Analysts at FBR & Co
FBR & Co assumed coverage on shares of Century Communities Inc. (NYSE:CCS) in a research report sent to investors on Thursday morning. The firm issued a buy rating and a $24.00 target price on the stock.
Several other research analysts have also recently weighed in on CCS. Wedbush began coverage on Century Communities in a research report on Monday, September 19th. They set an outperform rating and a $30.00 price target for the company. Citigroup Inc. began coverage on Century Communities in a research report on Thursday, September 1st. They set a buy rating and a $23.00 price target for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $23.25.
Century Communities (NYSE:CCS) traded up 0.24% on Thursday, hitting $21.23. The stock had a trading volume of 4,445 shares. The company has a market cap of $438.85 million, a PE ratio of 10.05 and a beta of 1.01. The company has a 50-day moving average of $20.05 and a 200 day moving average of $18.24. Century Communities has a 12 month low of $13.11 and a 12 month high of $21.58.
Century Communities (NYSE:CCS) last released its earnings results on Tuesday, August 2nd. The company reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.08. Century Communities had a return on equity of 10.86% and a net margin of 5.39%. The firm earned $257.20 million during the quarter, compared to the consensus estimate of $216.29 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue was up 37.7% compared to the same quarter last year. On average, analysts predict that Century Communities will post $2.47 EPS for the current fiscal year.
In related news, insider Robert J. Francescon sold 71,250 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $19.99, for a total value of $1,424,287.50. Following the sale, the insider now owns 435,504 shares in the company, valued at approximately $8,705,724.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dale Francescon sold 67,250 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $20.00, for a total value of $1,345,000.00. Following the completion of the sale, the insider now owns 435,504 shares in the company, valued at approximately $8,710,080. The disclosure for this sale can be found here. 28.73% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Century Communities by 12.2% in the first quarter. Geode Capital Management LLC now owns 95,394 shares of the company’s stock valued at $1,628,000 after buying an additional 10,390 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Century Communities by 11.6% in the second quarter. Foundry Partners LLC now owns 223,980 shares of the company’s stock valued at $3,884,000 after buying an additional 23,220 shares during the period. Boston Partners increased its stake in shares of Century Communities by 731.0% in the second quarter. Boston Partners now owns 615,501 shares of the company’s stock valued at $10,673,000 after buying an additional 541,431 shares during the period. Scout Investments Inc. bought a new stake in shares of Century Communities during the second quarter valued at $190,000. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Century Communities during the second quarter valued at $3,970,000. Hedge funds and other institutional investors own 61.14% of the company’s stock.
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