Century Communities, Inc. (NYSE:CCS) – Stock analysts at B. Riley lowered their Q3 2021 earnings estimates for shares of Century Communities in a report issued on Tuesday, October 12th. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings per share of $3.08 for the quarter, down from their prior forecast of $3.42. B. Riley currently has a “Buy” rating and a $102.00 price target on the stock. B. Riley also issued estimates for Century Communities’ Q4 2021 earnings at $3.21 EPS, FY2021 earnings at $12.77 EPS and FY2022 earnings at $14.27 EPS.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Monday, October 4th. Wedbush raised their price objective on shares of Century Communities from $92.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, July 29th.
Finally, Zelman & Associates upgraded shares of Century Communities from a “sell” rating to a “hold” rating in a research report on Thursday, July 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Century Communities currently has an average rating of “Buy” and an average target price of $82.20.
Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, July 28th. The construction company reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.65. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Century Communities had a return on equity of 27.19% and a net margin of 9.42%.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Wednesday, September 1st were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. Century Communities’s dividend payout ratio (DPR) is presently 9.65%.
In other Century Communities news, CEO Robert J. Francescon sold 90,000 shares of the stock in a transaction dated Wednesday, August 11th. The shares were sold at an average price of $72.08, for a total value of $6,487,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.80% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC purchased a new position in shares of Century Communities during the 1st quarter worth approximately $38,000. Paragon Wealth Strategies LLC purchased a new stake in Century Communities in the 2nd quarter worth approximately $38,000. Dark Forest Capital Management LP purchased a new stake in Century Communities in the 2nd quarter worth approximately $41,000. Harvest Fund Management Co. Ltd purchased a new stake in Century Communities in the 1st quarter worth approximately $57,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Century Communities in the 2nd quarter worth approximately $57,000. 85.55% of the stock is owned by institutional investors and hedge funds.
Century Communities Company Profile
Century Communities, Inc engages in the development, design, construction, marketing and sale of single-family attached and detached homes. It operates through the following business segments: West, Mountain, Texas, Southeast, and Wade Journey Homes. The West segment refers to Southern California, Central Valley, Bay Area and Washington.
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