B. Riley Analysts Increase Earnings Estimates for CCS

Century Communities, Inc. (NYSE:CCS - Free Report) - Stock analysts at B. Riley raised their FY2025 earnings per share estimates for Century Communities in a report released on Thursday, October 24th. B. Riley analyst A. Rygiel now forecasts that the construction company will post earnings per share of $13.25 for the year, up from their previous forecast of $13.00. B. Riley has a "Buy" rating and a $119.00 price target on the stock. The consensus estimate for Century Communities' current full-year earnings is $10.98 per share.

Separately, Wedbush lifted their price target on Century Communities from $90.00 to $96.00 and gave the company a "neutral" rating in a research note on Thursday.

Century Communities Price Performance

NYSE:CCS traded down $3.55 during trading hours on Friday, hitting $90.33. The company's stock had a trading volume of 263,682 shares, compared to its average volume of 300,811. The stock has a fifty day simple moving average of $99.15 and a 200-day simple moving average of $90.57. The company has a market capitalization of $2.87 billion, a P/E ratio of 10.02 and a beta of 1.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.90 and a quick ratio of 0.90. Century Communities has a twelve month low of $59.69 and a twelve month high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data 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 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%. Century Communities's revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $2.58 earnings per share.

Institutional Investors Weigh In On Century Communities

Institutional investors and hedge funds have recently bought and sold shares of the business. CWC Advisors LLC. bought a new position in Century Communities during the 3rd quarter valued at approximately $446,000. Assenagon Asset Management S.A. boosted its stake in shares of Century Communities by 444.7% in 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 purchased a new position in shares of Century Communities in the 3rd quarter worth $618,000. Signaturefd LLC boosted its stake in shares of Century Communities by 14.1% in 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. purchased a new position in shares of Century Communities in the 3rd quarter worth $237,000. Hedge funds and other institutional investors own 99.54% of the company's stock.

Insiders Place Their Bets

In related news, Director John P. Box sold 11,282 shares of the business'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 sale, the director now directly owns 45,127 shares in the company, valued at approximately $4,515,858.89. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Robert J. Francescon sold 50,000 shares of the stock in a transaction dated 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 $44,275,527.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John P. Box sold 11,282 shares of the 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 sale, the director now owns 45,127 shares of the company's stock, valued at $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. Insiders own 11.90% of the company's stock.

Century Communities Dividend Announcement

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

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.