Century Communities, Inc. (NYSE:CCS) was upgraded by J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Thursday.

A number of other analysts have also recently issued reports on CCS. ValuEngine upgraded shares of Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Citigroup Inc. restated a “buy” rating and set a $30.00 target price on shares of Century Communities in a research note on Tuesday, August 8th. Finally, BidaskClub cut shares of Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $29.25.

Shares of Century Communities (CCS) opened at 23.80 on Thursday. The company has a 50-day moving average of $23.68 and a 200-day moving average of $25.00. Century Communities has a 1-year low of $18.45 and a 1-year high of $28.05. The company has a market cap of $535.48 million, a PE ratio of 10.00 and a beta of 1.04.

Century Communities (NYSE:CCS) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $287.60 million for the quarter, compared to analyst estimates of $305.38 million. Century Communities had a return on equity of 10.74% and a net margin of 4.87%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 EPS. Equities analysts forecast that Century Communities will post $2.22 EPS for the current year.

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A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in Century Communities by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 892,840 shares of the construction company’s stock worth $22,142,000 after purchasing an additional 175,217 shares in the last quarter. Vanguard Group Inc. raised its stake in Century Communities by 10.0% in the 2nd quarter. Vanguard Group Inc. now owns 701,673 shares of the construction company’s stock worth $17,401,000 after purchasing an additional 63,732 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Century Communities by 92.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 509,298 shares of the construction company’s stock worth $12,630,000 after purchasing an additional 244,629 shares in the last quarter. Wellington Management Group LLP raised its stake in Century Communities by 8.4% in the 1st quarter. Wellington Management Group LLP now owns 467,598 shares of the construction company’s stock worth $11,877,000 after purchasing an additional 36,038 shares in the last quarter. Finally, Foresters Investment Management Company Inc. raised its stake in Century Communities by 1.2% in the 1st quarter. Foresters Investment Management Company Inc. now owns 408,000 shares of the construction company’s stock worth $10,363,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 59.80% of the company’s stock.

About Century Communities

Century Communities, Inc engages in homebuilding business in Atlanta, Central Texas, Colorado, Houston, Nevada, and Utah. It is involved in the development, design, construction, marketing, and sale of single-family attached and detached homes, as well as entitlement and development of land. The company sells homes through its sales representatives, as well as through independent real estate brokers.

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