B. Riley Research Analysts Boost Earnings Estimates for CCS

Century Communities, Inc. (NYSE:CCS) – Investment analysts at B. Riley lifted their FY2025 earnings per share estimates for Century Communities in a research note issued on Thursday, October 24th. B. Riley analyst A. Rygiel now expects that the construction company will earn $13.25 per share for the year, up from their prior estimate of $13.00. B. Riley has a “Buy” rating and a $119.00 price objective on the stock. The consensus estimate for Century Communities’ current full-year earnings is $10.98 per share.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $2.58 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year.

Separately, Wedbush raised their price target on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday.

Century Communities Price Performance

Shares of NYSE:CCS opened at $90.35 on Friday. Century Communities has a 1-year low of $59.69 and a 1-year high of $108.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. The business has a fifty day moving average price of $99.15 and a 200-day moving average price of $90.57. The company has a market capitalization of $2.87 billion, a PE ratio of 10.03 and a beta of 1.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd boosted its position in Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after purchasing an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Century Communities in the first quarter worth about $57,000. Signaturefd LLC boosted its position in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after purchasing an additional 115 shares during the last quarter. GAMMA Investing LLC boosted its position in Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after purchasing an additional 287 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in Century Communities in the second quarter worth about $162,000. 99.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Century Communities

In related news, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 477,931 shares of the company’s stock, valued at $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on 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 sale, the director now directly owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 28th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $1.04 annualized dividend and a dividend yield of 1.15%. Century Communities’s payout ratio is presently 11.54%.

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.