Wedbush Boosts Century Communities (NYSE:CCS) Price Target to $96.00

Century Communities (NYSE:CCS) had its price objective increased by Wedbush from $90.00 to $96.00 in a report issued on Thursday morning, Benzinga reports. They currently have a neutral rating on the construction company’s stock. Wedbush also issued estimates for Century Communities’ Q1 2025 earnings at $2.45 EPS, Q2 2025 earnings at $2.81 EPS, FY2025 earnings at $11.77 EPS and FY2026 earnings at $12.96 EPS.

Separately, B. Riley restated a “buy” rating and issued a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research report on Thursday.

Century Communities Trading Down 3.8 %

Shares of Century Communities stock opened at $90.35 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 10.03 and a beta of 1.85. Century Communities has a twelve month low of $59.69 and a twelve month high of $108.42. The business has a 50-day moving average price of $99.15 and a 200-day moving average price of $90.58.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.16. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.58 EPS. Equities research analysts anticipate that Century Communities will post 10.98 EPS for the current fiscal year.

Century Communities Announces Dividend

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

Insider Activity

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 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 filing with the SEC, which is accessible through this hyperlink. In other Century Communities news, Director John P. Box sold 11,282 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert J. Francescon sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On Century Communities

Institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd grew its position in Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after acquiring an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Century Communities in the first quarter worth about $57,000. Signaturefd LLC grew its holdings in shares of 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 increased its stake in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after buying an additional 287 shares during the period. Finally, Innealta Capital LLC bought a new stake in Century Communities during the 2nd quarter valued at about $162,000. 99.54% of the stock is 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.