B. Riley Reiterates Buy Rating for Century Communities (NYSE:CCS)

Century Communities (NYSE:CCS)‘s stock had its “buy” rating reissued by B. Riley in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $119.00 price objective on the construction company’s stock, up from their prior price objective of $113.00. B. Riley’s price target would suggest a potential upside of 31.75% from the stock’s previous close. B. Riley also issued estimates for Century Communities’ FY2025 earnings at $13.25 EPS.

Separately, Wedbush increased their target price on 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 Stock Performance

Century Communities stock opened at $90.33 on Thursday. Century Communities has a 12-month low of $59.69 and a 12-month high of $108.42. 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 capitalization of $2.87 billion, a price-to-earnings ratio of 10.02 and a beta of 1.85. The firm’s fifty day moving average price is $99.15 and its 200 day moving average price is $90.57.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 earnings per share. On average, research analysts forecast that Century Communities will post 10.98 EPS for the current fiscal year.

Insider Activity at Century Communities

In other Century Communities news, Director John P. Box sold 11,282 shares of the stock in a transaction that occurred 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 owns 45,127 shares of the company’s stock, valued at $4,515,858.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Robert J. Francescon sold 50,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were 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 owns 477,931 shares of the company’s stock, valued at $44,275,527.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Box sold 11,282 shares of the stock in a transaction dated 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 owns 45,127 shares in the company, valued at approximately $4,515,858.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Century Communities

Institutional investors have recently made changes to their positions in the stock. Covestor Ltd lifted its holdings in shares of Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after purchasing an additional 133 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Century Communities in the first quarter worth $57,000. Signaturefd LLC lifted its stake in Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Century Communities during the second quarter worth 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.