Century Communities (NYSE:CCS) Given New $96.00 Price Target at Wedbush

Century Communities (NYSE:CCS) had its target price boosted by Wedbush from $90.00 to $96.00 in a research report released on Thursday morning, Benzinga reports. Wedbush currently has 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 reissued a “buy” rating and set a $119.00 price objective (up from $113.00) on shares of Century Communities in a report on Thursday.

Century Communities Price Performance

Shares of CCS stock traded up $0.52 during trading hours on Thursday, reaching $94.40. 14,520 shares of the company were exchanged, compared to its average volume of 299,607. 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 company has a market cap of $3.00 billion, a price-to-earnings ratio of 10.42 and a beta of 1.85. The stock’s fifty day moving average is $99.18 and its two-hundred day moving average is $90.55. Century Communities has a fifty-two week low of $59.69 and a fifty-two week high of $108.42.

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 the consensus estimate of $2.56 by $0.16. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.58 EPS. Sell-side analysts forecast that Century Communities will post 10.98 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently announced 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. This represents a $1.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, August 28th. Century Communities’s payout ratio is 11.54%.

Insider Activity

In related news, Director John P. Box sold 11,282 shares of Century Communities 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 of the company’s stock, valued at $4,515,858.89. The trade was 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 link. In other Century Communities news, 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 approximately $44,275,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John P. Box sold 11,282 shares of Century Communities 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of Century Communities

Several hedge funds have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. grew its stake in Century Communities by 106.3% in the first quarter. Westwood Holdings Group Inc. now owns 793,887 shares of the construction company’s stock valued at $76,610,000 after acquiring an additional 409,068 shares during the period. Assenagon Asset Management S.A. lifted its holdings 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 valued at $37,302,000 after purchasing an additional 295,729 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Century Communities in the 2nd quarter valued at approximately $7,419,000. Marshall Wace LLP increased its stake in Century Communities by 84.9% during the 2nd quarter. Marshall Wace LLP now owns 143,771 shares of the construction company’s stock worth $11,740,000 after purchasing an additional 66,029 shares in the last quarter. Finally, Algert Global LLC raised its holdings in Century Communities by 86.9% during the 2nd quarter. Algert Global LLC now owns 123,307 shares of the construction company’s stock worth $10,069,000 after buying an additional 57,341 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

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.