Stock analysts at Wedbush started coverage on shares of Century Communities Inc. (NYSE:CCS) in a report issued on Monday. The firm set an “outperform” rating and a $30.00 price target on the stock. Wedbush’s price objective suggests a potential upside of 50.23% from the stock’s current price.

Several other analysts have also issued reports on the company. FBR & Co reissued a “buy” rating and set a $24.00 price target on shares of Century Communities in a report on Friday, June 10th. Citigroup Inc. began coverage on Century Communities in a report on Thursday, September 1st. They set a “buy” rating and a $23.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Century Communities currently has an average rating of “Buy” and a consensus price target of $21.58.

Shares of Century Communities (NYSE:CCS) opened at 19.97 on Monday. Century Communities has a one year low of $13.11 and a one year high of $21.78. The stock has a market cap of $412.80 million, a PE ratio of 9.46 and a beta of 1.01. The company’s 50-day moving average price is $19.75 and its 200-day moving average price is $18.00.

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Century Communities (NYSE:CCS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $216.29 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue was up 37.7% on a year-over-year basis. Equities research analysts anticipate that Century Communities will post $2.47 earnings per share for the current year.

In related news, insider Dale Francescon sold 61,500 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $20.00, for a total value of $1,230,000.00. Following the sale, the insider now directly owns 435,504 shares in the company, valued at $8,710,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert J. Francescon sold 71,250 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 435,504 shares in the company, valued at $8,705,724.96. The disclosure for this sale can be found here. 28.73% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Boston Partners increased its stake in Century Communities by 731.0% in the second quarter. Boston Partners now owns 615,501 shares of the company’s stock worth $10,673,000 after buying an additional 541,431 shares in the last quarter. Sprott Inc. purchased a new stake in Century Communities during the second quarter worth approximately $8,156,000. Emerald Acquisition Ltd. purchased a new stake in Century Communities during the second quarter worth approximately $3,970,000. Northpointe Capital LLC purchased a new stake in Century Communities during the second quarter worth approximately $2,719,000. Finally, Dimensional Fund Advisors LP increased its stake in Century Communities by 36.4% in the second quarter. Dimensional Fund Advisors LP now owns 382,249 shares of the company’s stock worth $6,628,000 after buying an additional 102,050 shares in the last quarter. Institutional investors own 61.14% of the company’s stock.

About Century Communities

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