Wedbush Increases Century Communities (NYSE:CCS) Price Target to $96.00

Century Communities (NYSE:CCS) had its price target raised by investment analysts at Wedbush from $90.00 to $96.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Wedbush’s price target points to a potential upside of 2.68% from the company’s current price.

Separately, B. Riley reissued a “buy” rating and issued a $119.00 price objective (up from $113.00) on shares of Century Communities in a research note on Thursday.

Century Communities Trading Up 2.2 %

CCS traded up $2.00 during trading on Thursday, reaching $93.49. 100,500 shares of the company’s stock were exchanged, compared to its average volume of 297,752. The stock has a market capitalization of $2.97 billion, a PE ratio of 10.51 and a beta of 1.85. Century Communities has a one year low of $58.01 and a one year high of $108.42. The firm has a fifty day moving average price of $99.18 and a two-hundred day moving average price of $90.53. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Century Communities had a net margin of 7.90% and a return on equity of 14.00%. Century Communities’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.60 earnings per share. As a group, equities research analysts forecast that Century Communities will post 10.98 earnings per share for the current fiscal year.

Insider Activity

In related news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the completion of the transaction, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the transaction, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total transaction of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Century Communities

Several institutional investors have recently modified their holdings of CCS. Vanguard Group Inc. boosted its stake in shares of Century Communities by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,033,874 shares of the construction company’s stock worth $196,269,000 after acquiring an additional 13,861 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Century Communities by 11.2% during the second quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock valued at $72,122,000 after purchasing an additional 89,310 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock valued at $37,302,000 after purchasing an additional 295,729 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Century Communities by 2.4% during the 1st quarter. Clearbridge Investments LLC now owns 291,475 shares of the construction company’s stock valued at $28,127,000 after acquiring an additional 6,895 shares during the period. Finally, Marshall Wace LLP grew its position in Century Communities by 84.9% during the second quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock valued at $11,740,000 after buying an additional 66,029 shares during the period. 99.54% of the stock is owned by hedge funds and other 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.