Wedbush Boosts Century Communities (NYSE:CCS) Price Target to $90.00

Century Communities (NYSE:CCS) had its price target hoisted by Wedbush from $82.00 to $90.00 in a report published on Thursday, Benzinga reports. They currently have a neutral rating on the construction company’s stock. Wedbush also issued estimates for Century Communities’ Q3 2024 earnings at $2.57 EPS, Q4 2024 earnings at $3.52 EPS, Q2 2025 earnings at $2.74 EPS, Q4 2025 earnings at $3.53 EPS and FY2025 earnings at $11.54 EPS.

Separately, B. Riley restated a buy rating and set a $110.00 price objective on shares of Century Communities in a research report on Tuesday, July 16th.

Century Communities Trading Up 1.7 %

Shares of CCS stock opened at $101.51 on Thursday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 11.27 and a beta of 1.86. Century Communities has a twelve month low of $58.01 and a twelve month high of $105.17. The company has a quick ratio of 1.20, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $85.06 and its 200 day simple moving average is $85.96.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, July 24th. The construction company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.19. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. Century Communities’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.60 EPS. As a group, sell-side analysts predict that Century Communities will post 10.68 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.02%. Century Communities’s dividend payout ratio (DPR) is presently 11.54%.

Institutional Investors Weigh In On Century Communities

A number of institutional investors have recently made changes to their positions in CCS. Covestor Ltd grew its position in shares of Century Communities by 95.0% in the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after buying an additional 133 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Century Communities in the 4th quarter valued at about $36,000. GAMMA Investing LLC bought a new stake in shares of Century Communities in the 4th quarter valued at about $55,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Century Communities in the 1st quarter valued at about $57,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Century Communities in the 4th quarter valued at about $107,000. Institutional investors own 99.54% of the company’s stock.

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.