Century Communities (NYSE:CCS) Downgraded by B. Riley Financial to Neutral

B. Riley Financial cut shares of Century Communities (NYSE:CCS) from a buy rating to a neutral rating in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have $64.00 price target on the construction company’s stock, down from their prior price target of $75.00.

A number of other analysts have also recently weighed in on the stock. Citigroup assumed coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Citizens Jmp began coverage on shares of Century Communities in a research note on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.33.

Century Communities Stock Down 7.2%

Shares of Century Communities stock opened at $59.23 on Thursday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.34 and a beta of 1.56. Century Communities has a twelve month low of $50.42 and a twelve month high of $76.00. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $61.89 and its 200-day simple moving average is $62.28.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.27. Century Communities had a return on equity of 6.23% and a net margin of 3.31%.The firm had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. During the same period in the prior year, the business earned $1.36 EPS. The firm’s revenue was down 16.9% on a year-over-year basis. Equities research analysts forecast that Century Communities will post 4.64 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were given a $0.32 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $1.28 dividend on an annualized basis and a yield of 2.2%. This is a boost from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s payout ratio is currently 26.34%.

Insider Buying and Selling

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the sale, the chairman directly owned 561,662 shares in the company, valued at approximately $40,686,795.28. The trade was a 15.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. New South Capital Management Inc. lifted its position in Century Communities by 285.1% in the fourth quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock worth $36,169,000 after purchasing an additional 451,187 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after buying an additional 254,186 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Century Communities by 58.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 509,499 shares of the construction company’s stock worth $30,239,000 after buying an additional 186,938 shares in the last quarter. Norges Bank acquired a new stake in shares of Century Communities in the fourth quarter valued at $10,386,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Century Communities by 9.3% in the fourth quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after buying an additional 139,141 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities News Roundup

Here are the key news stories impacting Century Communities this week:

• Positive Sentiment: Company raised its quarterly cash dividend 10% to $0.32 per share, returning capital and signaling confidence in cash flow. Press Release — Q1 Results
• Positive Sentiment: Adjusted EPS beat consensus: adjusted EPS of $0.88 vs. the $0.61 consensus (and Zacks note of the beat), reducing downside from profit expectations. Zacks — Q1 Earnings Top Estimates
• Positive Sentiment: Operational growth: net new home contracts of 2,379, deliveries of 2,013 homes, and an increase in ending community count to 316 — all support future revenue visibility/backlog. Press Release — Q1 Results
• Positive Sentiment: New community launches in the Atlanta metro (Belleview Manor in Fairburn and Hawthorne Reserve in Dallas, GA) add ~270 planned homesites priced from the low $400s and support geographic expansion. PR Newswire — Atlanta Community Openings
• Neutral Sentiment: Earnings call transcript and slide deck available for detail — useful for digging into margin dynamics, backlog composition, land pipeline and leverage. Seeking Alpha — Q1 Earnings Call Transcript Slide Deck
• Neutral Sentiment: Analyst coverage and metric notes from Zacks discuss how key metrics compare to expectations — helpful context but not a direct catalyst. Zacks — Metrics vs. Estimates
• Negative Sentiment: Revenue missed heavily: Q1 revenue of $789.7M vs. street ~$961M, down ~16.9% year-over-year; GAAP EPS and adjusted EPS are both well below last year’s $1.36 — raises concerns about demand and pricing/mix in the quarter. MarketBeat — Q1 Results Summary
• Negative Sentiment: Analyst downgrade: B. Riley cut rating from Buy to Neutral and trimmed the target to $64 (from $75), signaling reduced near-term expectations and likely contributing to selling pressure. Finviz — Analyst Note

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.