Century Communities (NYSE:CCS) Rating Reiterated by Wedbush

Century Communities (NYSE:CCS)‘s stock had its “underperform” rating reaffirmed by Wedbush in a research note issued to investors on Thursday, MarketBeat reports. They presently have a $82.00 target price on the construction company’s stock. Wedbush’s target price would suggest a potential upside of 4.03% from the stock’s current price. 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 boosted their price target on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, February 1st.

Century Communities Stock Performance

NYSE:CCS opened at $78.82 on Thursday. The stock has a market cap of $2.50 billion, a P/E ratio of 8.75 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The stock’s 50-day moving average is $86.39 and its 200-day moving average is $81.02. Century Communities has a 1-year low of $58.01 and a 1-year high of $97.92.

Century Communities (NYSE:CCS) last released 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. The company had revenue of $948.54 million for the quarter, compared to analysts’ expectations of $791.67 million. Century Communities had a return on equity of 13.06% and a net margin of 7.47%. Equities research analysts anticipate that Century Communities will post 10.06 earnings per share for the current year.

Hedge Funds Weigh In On Century Communities

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