Century Communities (NYSE:CCS) Shares Gap Down After Analyst Downgrade

Century Communities, Inc. (NYSE:CCS)’s share price gapped down before the market opened on Thursday after B. Riley Financial downgraded the stock from a buy rating to a neutral rating. The stock had previously closed at $63.82, but opened at $57.48. B. Riley Financial now has a $64.00 price target on the stock, down from their previous price target of $75.00. Century Communities shares last traded at $55.8560, with a volume of 46,943 shares.

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

Insider Activity at Century Communities

In related news, Chairman Dale Francescon sold 100,100 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chairman owned 561,662 shares in the company, valued at $40,686,795.28. The trade was a 15.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.70% of the stock is currently owned by company insiders.

Key Stories Impacting Century Communities

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after acquiring an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Century Communities by 175.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after acquiring an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Century Communities during the 4th quarter worth approximately $70,000. Jones Financial Companies Lllp raised its stake in shares of Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Century Communities by 37.3% during the 3rd quarter. State of Wyoming now owns 1,644 shares of the construction company’s stock worth $104,000 after acquiring an additional 447 shares in the last quarter. Institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $1.72 billion, a P/E ratio of 13.34 and a beta of 1.56. The firm’s 50 day moving average is $61.89 and its 200 day moving average is $62.28.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.61 by $0.27. The firm had revenue of $789.67 million during the quarter, compared to analyst estimates of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.23%. Century Communities’s revenue was down 16.9% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. Analysts anticipate that Century Communities, Inc. will post 4.64 EPS for the current year.

Century Communities Increases Dividend

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

Century Communities Company Profile

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.