Century Communities
About: Century Communities Inc is a construction company that focuses on the residential market. It has five homebuilding segments: West, Mountain, Texas, Southeast, and Century Complete. Its sixth reportable segment is financial services operations, which provides mortgage, title, and insurance services to homebuyers. It has acquired land for homebuilding operations with the primary intent to develop and construct single-family detached or attached homes for sale on the acquired land. The company sells homes through its own sales representatives and independent real estate brokers. It also advertises directly to potential homebuyers through the Internet, newspapers, and trade publications. The company generates the majority revenue from the Mountain segment.
Employees: 1,650
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
143% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 28
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
25% more capital invested
Capital invested by funds: $2.29B [Q2] → $2.86B (+$574M) [Q3]
15% more funds holding
Funds holding: 269 [Q2] → 309 (+40) [Q3]
0.64% more ownership
Funds ownership: 88.09% [Q2] → 88.72% (+0.64%) [Q3]
14% less repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 110
68% less call options, than puts
Call options by funds: $2.91M | Put options by funds: $9.14M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
JP Morgan Michael Rehaut 63% 1-year accuracy 10 / 16 met price target | 28%upside $97 | Neutral Upgraded | 13 Dec 2024 |
Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target | 27%upside $96 | Neutral Maintained | 24 Oct 2024 |
B. Riley Securities Alex Rygiel 49% 1-year accuracy 17 / 35 met price target | 57%upside $119 | Buy Reiterated | 24 Oct 2024 |
Financial journalist opinion
Based on 7 articles about CCS published over the past 30 days