Century Communities, Inc. (NYSE:CCS)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research note issued to investors on Saturday.

A number of other equities analysts also recently commented on the company. ValuEngine upgraded Century Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub downgraded Century Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co raised Century Communities from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $28.00 to $32.00 in a report on Thursday. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $30.00 price target on shares of Century Communities in a report on Tuesday, August 8th. Two 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 stock. Century Communities presently has a consensus rating of “Buy” and an average price target of $29.80.

Century Communities (CCS) opened at 24.00 on Friday. The stock has a market capitalization of $539.98 million, a P/E ratio of 10.08 and a beta of 1.04. Century Communities has a 52 week low of $18.45 and a 52 week high of $28.05. The stock’s 50 day moving average price is $23.52 and its 200-day moving average price is $25.00.

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

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in shares of Century Communities by 6.9% during the first quarter. Legal & General Group Plc now owns 4,323 shares of the construction company’s stock valued at $110,000 after buying an additional 278 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Century Communities by 118.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,188 shares of the construction company’s stock valued at $131,000 after buying an additional 2,816 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Century Communities during the first quarter valued at approximately $178,000. Trexquant Investment LP bought a new stake in shares of Century Communities during the first quarter valued at approximately $201,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Century Communities during the second quarter valued at approximately $216,000. 59.80% of the stock is currently owned by institutional investors.

Century Communities Company Profile

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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