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

Century Communities (NYSE:CCS)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a research report issued on Thursday, Benzinga reports. They presently have a $119.00 target price on the construction company’s stock, up from their previous target price of $113.00. B. Riley’s price target would indicate a potential upside of 31.75% from the company’s current price. B. Riley also issued estimates for Century Communities’ FY2025 earnings at $13.25 EPS.

Separately, Wedbush raised their price objective on shares of Century Communities from $82.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th.

Century Communities Trading Down 3.8 %

Shares of CCS stock opened at $90.33 on Thursday. Century Communities has a 1 year low of $59.69 and a 1 year high of $108.42. The firm has a market capitalization of $2.87 billion, a PE ratio of 10.02 and a beta of 1.85. The stock has a fifty day moving average of $99.15 and a two-hundred day moving average of $90.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.90.

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

Insider Activity

In related news, Director John P. Box sold 11,282 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $4,632,000.00. Following the completion of the transaction, the chief executive officer now owns 477,931 shares in the company, valued at $44,275,527.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the completion of the transaction, the director now directly owns 45,127 shares in the company, valued at $4,515,858.89. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CWC Advisors LLC. purchased a new stake in shares of Century Communities in the 3rd quarter valued at approximately $446,000. Assenagon Asset Management S.A. raised its stake in 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 during the period. Ausbil Investment Management Ltd purchased a new stake in shares of Century Communities in the third quarter valued at $618,000. Signaturefd LLC boosted its position in shares of Century Communities by 14.1% in the third 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 period. Finally, Everence Capital Management Inc. purchased a new position in shares of Century Communities during the third quarter valued at $237,000. 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.