If you’re on the hunt for stocks to watch today, Century Communities, Inc. (NYSE:CCS) is a stock to give close attention to. The company shares are trading 3.96% or 1.1 points up from last closing price of $27.8, reaching $28.9 at last check. The CCS share price has risen in 4 of the last 5 days and is up 1.16% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 360,075 shares, and in total 575875 shares valued at $16.643 million were seen changing hands compared with 215800 shares valued at $5.999 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the CCS stock.
Century Communities, Inc. (CCS) shares have notched a 3-month gain of about 1.16%, but has still advanced 61.07% year to date. By comparison, the stock sank -0.89% over the past 12 months, while it jumped 1.09% over the 1 month. The company’s market cap is around $834M, with its short interest ratio standing at 15.2%.
In the current trading session for CCS, the stock witnessed two major price actions, it rose to a high of $29.06 and was down as much as $27.77 at one point. The high recorded is very low when compared to their 52-week high which is $16.35. The 52-week high is now at -3.07 distance from current price. Their recent low of $29.83 represents a 76.82% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for CCS is $34.5, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Century Communities, Inc. earned $2.56 per share in the trailing 12 months and has a P/E ratio of 11.29. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 11.95 and lower compared to the sector’s average of 27.18. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. CCS also has P/S multiple of 0.37. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.13x.
The company recorded an interesting insider sale transaction by the CEO on Aug 29, 2019. A Securities and Exchanges Commission filings show that Robert J Francescon sold a total of 75,000 CCS shares that day for a sum of around $2,082,750. The filings show that the insider now retains 326,280 shares, currently worth $9,429,492. Century Communities, Inc. (CCS) insiders have acquired no shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 183,747 shares. In total, individual insiders traded 183,747 shares in the business, which makes up 57.333% of 320,493 shares that were traded over a year. In the past 12 months, insiders have purchased 14,280 shares while the seller parted with 306,213 shares.
CCS‘s last price was up 17.84% as compared to the average trading price of 50 days recorded at $24.52 while enlarging the period to 200 trading days, the average closing price was $27.21. At present, there are 30 million in the total number of common shares owned by the public and among those 26.2 million shares have been available to trade. The percentage of shares being held by the company management was 3.6% while institutions stake was 92.77%. The company has generated positive returns on equity over the last 12 months (8.7%). It managed to keep its gross profit margin at 18.2% over the past 12 months.
When assessing the full upside of the CCS stock, there is another set of technicals that should be looked into and considered. Its 4.28% gain from moving average of $27.71 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.2 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Century Communities, Inc. — 5 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $34.625 on shares of Century Communities, Inc. (NYSE:CCS), which corresponds to 20.06% upside potential than its current market price of $28.9 and implies potential despite the recent advance in the price. However, their current target price has climbed from $34.375 a month ago and is up handily from the consensus target of $31.77 a quarter ago.
In the last five years, the EPS of the company has been roughly 41.3%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 9.06%. The revenue of the company has risen at an average annualized rate of about 65.9 over the last five years. The company recently recorded a drop of -33.6%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards CCS stock. Hodges Capital Management Inc. added position in the company after it grew 4.4% or 593,383 shares of its common stock. The hedge fund now owns 619,492 shares worth $17,903,319, SEC documents show. First Dallas Securities Inc. cut assets in the stock as 15153.23 shares have been sold, reducing its stake by -11.9% to 13,350 shares which are currently valued at $385,815. In addition, Royal Bank of Canada recently reported that it now owns 28,263 shares making a total of $816,801 based on the recent price. This refelects a change of -2.7% in their ownership.