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Fast-paced Momentum Stock Century Communities (CCS) Is Still Trading at a Bargain
ZACKS· 2024-09-10 13:52
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - Identifying the right entry point for fast-moving stocks is challenging, and traditional momentum parameters may not always be reliable [1] Group 2: Bargain Stocks with Momentum - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: Century Communities (CCS) Analysis - Century Communities (CCS) has shown a four-week price change of 6.2%, indicating growing investor interest [3] - Over the past 12 weeks, CCS stock gained 15.6%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - CCS has a beta of 1.86, suggesting it moves 86% more than the market in either direction, indicating fast-paced momentum [4] Group 4: Valuation and Earnings Estimates - CCS has a Momentum Score of A, suggesting it is an opportune time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - CCS is trading at a Price-to-Sales ratio of 0.73, indicating it is relatively cheap at 73 cents for each dollar of sales [6] Group 5: Additional Investment Opportunities - Besides CCS, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Zacks offers over 45 Premium Screens tailored to different investing styles to help identify potential winning stocks [8]
Century Communities (CCS) Upgraded to Strong Buy: Here's Why
ZACKS· 2024-09-09 17:00
Core Viewpoint - Century Communities (CCS) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][4][6]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Century Communities for the fiscal year ending December 2024 is projected at $10.72 per share, reflecting a 32.5% increase from the previous year's reported figure [9]. - Over the past three months, analysts have raised their earnings estimates for Century Communities, resulting in a 6% increase in the Zacks Consensus Estimate [9]. Zacks Rating System - The Zacks rating system is based solely on changes in a company's earnings picture, making it a reliable tool for investors to gauge stock performance [2][3]. - Stocks rated Zacks Rank 1 have historically generated an average annual return of +25% since 1988, showcasing the effectiveness of the rating system [8]. - The upgrade of Century Communities to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating strong potential for near-term price appreciation [11]. Market Dynamics - The correlation between earnings estimate revisions and stock price movements is well-established, suggesting that tracking these revisions can be beneficial for investment decisions [7][5]. - Institutional investors play a significant role in this dynamic, as their trading activities based on earnings estimates can lead to substantial price movements in stocks [5].
Century Communities Announces September Grand Opening in Marysville, WA
Prnewswire· 2024-09-05 23:12
The Bluffs at Whiskey Ridge features beautiful location with two-story floor plans from the high $700s SEATTLE, Sept. 5, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—announced it will host a Grand Opening event on Saturday, September 7 for its anticipated new community in Marysville: The Bluffs at Whiskey Ridge. Th ...
Century Communities Announces New Homes in Manteca, CA
Prnewswire· 2024-09-04 18:11
Core Insights - Century Communities, Inc. is now selling homes at Villa Bellissima in Manteca, CA, starting from the mid $600s, highlighting its position as a national leader in online homebuying and homebuilding [1][3]. Company Overview - Century Communities is recognized as one of the largest homebuilders in the U.S. and has been ranked as the highest homebuilder on Newsweek's list of America's Most Trustworthy Companies for 2024 [1][6]. - The company operates in 18 states and over 45 markets, providing a range of services including title, insurance, and lending through its subsidiaries [6]. Product Offering - Villa Bellissima features four single-family floor plans with open-concept layouts, granite countertops, luxury plank vinyl flooring, and stainless-steel appliances [2][3]. - The homes range from 1,671 to 2,833 square feet, with options for 3 to 5 bedrooms and 2 to 3 bathrooms, accommodating various buyer needs [4]. Location and Accessibility - The community is strategically located with easy access to Tracy, Lathrop, and Modesto, and is positioned as a midpoint between Sacramento and San Francisco [3][4]. - Residents can enjoy nearby parks, trails, and attractions such as wineries in Lodi and Manteca Park Golf Course [3]. Online Homebuying Experience - Century Communities offers an industry-first online homebuying experience, allowing customers to shop for homes, submit deposits, and sign contracts electronically [4][5].
Century Complete Now Selling New Homes Near Fort Knox & Saunders Springs Nature Preserve
Prnewswire· 2024-09-03 17:35
National leader in online homebuying offering new homes from the mid $200s at Shelton Woods LOUISVILLE, Ky., Sept. 3, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—revealed the company's Century Complete brand is now selling at Shelton Woods in Radcliff, KY. Starting from the mid $200s, the anticipated new community ...
Best Value Stocks to Buy for August 29th
ZACKS· 2024-08-29 12:16
Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 29th: EZCORP (EZPW) : This company which is engaged in establishing, acquiring, and operating pawnshops which function as convenient sources of consumer credit and as value-oriented specialty retailers of primarily previously owned merchandise, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.8% over the last 60 days. EZCOR ...
Time to Buy These Highly Ranked Building Products Stocks
ZACKS· 2024-08-28 00:46
The construction sector may be of interest to investors with the Fed likely to implement a rate cut of 25 basis points in September. Of course, lower interest/mortgage rates benefit homebuilders among other building product companies as demand is likely to rise for their services. Keeping this in mind, here are three highly-ranked building products stocks that were added to the Zacks Rank #1 (Strong Buy) list this week. LSI Industries (LYTS) We'll start with LSI Industries, with it noteworthy that its Zacks ...
Century Communities Now Selling at Farmlore in Brighton, CO
Prnewswire· 2024-08-26 20:44
Group 1 - Century Communities, Inc. is one of the largest homebuilders in the U.S. and is recognized for its online home sales and trustworthiness, ranking highest on Newsweek's list of America's Most Trustworthy Companies 2024 [1][6][7] - The company is now selling homes in Farmlore, a 500-acre planned community in Brighton, Colorado, featuring two collections of single-family homes with ranch and two-story floor plans [1][4] - Farmlore community amenities include a 7,000-square-foot gathering center, an outdoor pool, and proximity to Prairie Lakes Regional Park, emphasizing a connection to agriculture and nature [2][3][4] Group 2 - The homes at Farmlore offer 8 versatile floor plans with 3 to 4 bedrooms, 2 to 3 bathrooms, and sizes up to 2,435 square feet [4] - The community is strategically located near downtown Brighton, major retail centers, and is within 30 minutes of Denver's attractions and employment hubs [3][4] - Century Communities provides an innovative online homebuying experience, allowing customers to purchase homes electronically through its website [5][6]
Century Communities Announces Groundbreaking Event Near San Antonio
Prnewswire· 2024-08-22 21:56
Leader in online homebuying reveals new community in Leon Valley, with homes coming soon from the mid $300s SAN ANTONIO, Aug. 22, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE:CCS)—one of the nation's largest homebuilders, an industry leader in online home sales, and the highest-ranked homebuilder on Newsweek's list of America's Most Trustworthy Companies 2024—held a celebratory groundbreaking ceremony with The City of Leon Valley this summer for Senna, its newest San Antonio metro community. This at ...
Century Complete Now Selling New Homes in Jackson, GA
Prnewswire· 2024-08-20 18:30
Core Insights - Century Communities, Inc. is launching affordable new homes from the mid $200s at Garden Walk in Jackson, GA, enhancing its position as a leader in online home sales and recognized for trustworthiness [1][6]. Company Overview - Century Communities is one of the largest homebuilders in the U.S., operating in 18 states and over 45 markets, and offers a range of services including title, insurance, and lending through its subsidiaries [6]. - The company emphasizes building attractive, high-quality homes at affordable prices, aiming to provide a home for every dream [6]. Product Offering - The Garden Walk community features 111 homesites with two-story single-family floor plans, offering 4 to 5 bedrooms, 3 bathrooms, and 2-bay garages, with sizes ranging from 1,774 to 2,180 square feet [3]. - The homes are designed with modern living in mind, including flex space, great rooms, porches, and open-concept layouts [3]. Location and Accessibility - Garden Walk is strategically located about halfway between Atlanta and Macon, providing small-town charm with easy access to big-city amenities [2]. - The community is 1 mile from downtown Jackson and 8 miles from High Falls State Park, which offers outdoor activities [3]. Online Homebuying Process - Century Communities offers an industry-leading online homebuying experience, allowing customers to purchase homes 24/7 [4][5]. - The online process includes steps such as selecting a home, filling out a form, submitting a deposit, and electronically signing a purchase contract [5].