B. Riley Reaffirms Buy Rating for Century Communities (NYSE:CCS)

B. Riley restated their buy rating on shares of Century Communities (NYSE:CCS) in a research report report published on Thursday, Benzinga reports. They currently have a $119.00 price objective on the construction company’s stock, up from their prior price objective of $113.00. B. Riley also issued estimates for Century Communities’ FY2025 earnings at $13.25 EPS.

Separately, Wedbush boosted their target price on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th.

Century Communities Stock Down 3.8 %

CCS stock opened at $90.35 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.87 billion, a PE ratio of 10.03 and a beta of 1.85. Century Communities has a 1-year low of $59.69 and a 1-year high of $108.42. The business’s 50 day simple moving average is $99.15 and its 200 day simple moving average is $90.57.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.16. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.58 EPS. As a group, research analysts anticipate that Century Communities will post 10.98 EPS for the current year.

Century Communities Announces Dividend

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

Insider Buying and Selling at Century Communities

In other news, CEO Robert J. Francescon sold 50,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 477,931 shares in the company, valued at approximately $44,275,527.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director John P. Box sold 11,282 shares of the company’s 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 completion of the sale, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the company’s 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 owns 477,931 shares of the company’s stock, valued at approximately $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Institutional Trading of Century Communities

A number of institutional investors have recently modified their holdings of the stock. CWC Advisors LLC. bought a new stake in shares of Century Communities during the 3rd quarter valued at $446,000. Assenagon Asset Management S.A. lifted its position in shares of Century Communities by 444.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 362,227 shares of the construction company’s stock worth $37,302,000 after buying an additional 295,729 shares during the last quarter. Ausbil Investment Management Ltd bought a new stake in shares of Century Communities during the 3rd quarter worth $618,000. Signaturefd LLC lifted its position in shares of Century Communities by 14.1% during the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock worth $134,000 after buying an additional 161 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Century Communities during the 3rd quarter worth $237,000. 99.54% of the stock is currently owned by institutional investors.

About Century Communities

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.