Century Communities (NYSE:CCS) Trading 9.6% Higher on Strong Earnings

Century Communities, Inc. (NYSE:CCS) shot up 9.6% during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $72.34 and last traded at $70.7120. Approximately 84,644 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 302,584 shares. The stock had previously closed at $64.53.

The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $0.63 by $0.67. Century Communities had a net margin of 3.41% and a return on equity of 6.05%. The firm had revenue of $927.23 million for the quarter, compared to analyst estimates of $857.23 million. During the same quarter in the previous year, the company earned $1.37 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a $0.32 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Century Communities’s payout ratio is currently 28.83%.

Trending Headlines about Century Communities

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

• Positive Sentiment: Century Communities reported second-quarter EPS of $1.30, well ahead of the $0.63 consensus estimate, while revenue of $927.2 million also beat expectations. Article Title
• Positive Sentiment: The company said deliveries, community count, and book value all reached record levels, with ending communities rising sequentially to 330 and book value per share hitting a company high of $90.24. Article Title
• Positive Sentiment: Management raised 2026 delivery guidance to 9,750-10,500 homes and highlighted plans for low to mid-single-digit community growth, signaling confidence in demand and execution. Article Title
• Neutral Sentiment: Despite the earnings beat, quarterly revenue was still down 8.1% from a year ago, showing the company is still operating in a tougher housing market. Article Title
• Neutral Sentiment: Several news items today were earnings snapshots, call transcripts, and presentation materials, which mostly reinforce the same upbeat quarter rather than adding new catalysts. Article Title

Analyst Upgrades and Downgrades

CCS has been the subject of a number of research analyst reports. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. B. Riley Financial cut shares of Century Communities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $75.00 to $64.00 in a research report on Thursday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Zelman & Associates lowered shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $67.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Axiom Investment Management LLC acquired a new stake in shares of Century Communities in the first quarter valued at $287,000. EMG Holdings L.P. lifted its stake in Century Communities by 307.2% during the 1st quarter. EMG Holdings L.P. now owns 56,285 shares of the construction company’s stock worth $3,230,000 after acquiring an additional 42,464 shares in the last quarter. Bank of America Corp DE lifted its stake in Century Communities by 4.9% during the 1st quarter. Bank of America Corp DE now owns 153,996 shares of the construction company’s stock worth $8,836,000 after acquiring an additional 7,134 shares in the last quarter. Amundi lifted its stake in Century Communities by 10.3% during the 1st quarter. Amundi now owns 5,079 shares of the construction company’s stock worth $291,000 after acquiring an additional 475 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Century Communities by 32.9% during the 1st quarter. California State Teachers Retirement System now owns 32,443 shares of the construction company’s stock valued at $1,862,000 after acquiring an additional 8,026 shares during the period. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Stock Up 7.0%

The company has a market capitalization of $1.99 billion, a PE ratio of 15.14 and a beta of 1.29. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.44. The business has a fifty day moving average of $60.92 and a 200 day moving average of $61.89.

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.