Century Communities (NYSE:CCS) Receives Underperform Rating from Wedbush

Wedbush reiterated their underperform rating on shares of Century Communities (NYSE:CCS) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a $82.00 target price on the construction company’s stock. Wedbush also issued estimates for Century Communities’ Q2 2024 earnings at $2.36 EPS, Q4 2024 earnings at $3.34 EPS, Q2 2025 earnings at $2.57 EPS and FY2025 earnings at $11.27 EPS.

Separately, B. Riley raised their price target on shares of Century Communities from $100.00 to $110.00 and gave the company a buy rating in a research note on Thursday, February 1st.

Century Communities Stock Up 1.1 %

Century Communities stock traded up $0.86 during mid-day trading on Thursday, reaching $79.18. 6,613 shares of the company were exchanged, compared to its average volume of 315,397. The business has a fifty day moving average of $86.54 and a 200 day moving average of $80.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market cap of $2.52 billion, a P/E ratio of 8.70 and a beta of 1.71. Century Communities has a 12-month low of $58.01 and a 12-month high of $97.92.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.67. Century Communities had a return on equity of 13.06% and a net margin of 7.47%. The company had revenue of $948.54 million for the quarter, compared to the consensus estimate of $791.67 million. Research analysts anticipate that Century Communities will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.26 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, February 27th. Century Communities’s payout ratio is currently 11.54%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CCS. Dimensional Fund Advisors LP lifted its stake in Century Communities by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,616,401 shares of the construction company’s stock worth $238,460,000 after purchasing an additional 17,842 shares in the last quarter. Vanguard Group Inc. lifted its stake in Century Communities by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,020,013 shares of the construction company’s stock worth $184,104,000 after purchasing an additional 29,989 shares in the last quarter. Jennison Associates LLC lifted its stake in Century Communities by 17.3% during the third quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock worth $74,424,000 after purchasing an additional 164,478 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Century Communities by 21.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after purchasing an additional 180,095 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Century Communities by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 434,550 shares of the construction company’s stock worth $39,605,000 after purchasing an additional 8,214 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

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.