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Recommendations
Century Communities price target raised to $49 from $44 at B. Riley » 08:11
01/20/23
01/20
08:11
01/20/23
08:11
CCS

Century Communities

$56.85 /

-0.88 (-1.52%)

B. Riley analyst Alex…

B. Riley analyst Alex Rygiel raised the firm's price target on Century Communities to $49 from $44 and keeps a Neutral rating on the shares. While he continues to be cautious towards homebuilders heading into Q4 earnings season and 2023 in general, he is adjusting his estimates and price targets across his homebuilder coverage.

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CCS Century Communities
$56.85 /

-0.88 (-1.52%)

CCS Century Communities
$56.85 /

-0.88 (-1.52%)

12/30/22 Wedbush
Wedbush favors four homebuilding stocks heading into 2023
11/29/22 BTIG
Century Communities initiated with a Neutral at BTIG
11/22/22 JPMorgan
Century Communities downgraded to Underweight from Overweight at JPMorgan
10/27/22 B. Riley
Century Communities downgraded on margin headwinds at B. Riley
CCS Century Communities
$56.85 /

-0.88 (-1.52%)

Over a month ago
Recommendations
Wedbush favors four homebuilding stocks heading into 2023 » 07:18
12/30/22
12/30
07:18
12/30/22
07:18
CVCO

Cavco Industries

$228.20 /

+5.41 (+2.43%)

, SKY

Skyline Champion

$51.61 /

+1.23 (+2.44%)

, DHI

D.R. Horton

$89.40 /

+1.605 (+1.83%)

, CCS

Century Communities

$50.23 /

+1.64 (+3.38%)

Stable or declining…

Stable or declining mortgage rates should support owning homebuilder stocks in 2023, while a rising or volatile rate environment "may result in underperformance versus the market," Wedbush analyst Jay McCanless tells investors in a research note. Wedbush does not have a formal rate call, but is assuming a favorable rate environment in 2023 should support owning "affordable builders that can deliver homes in a timely fashion," says the analyst. He believes Outperform-rated Cavco Industries (CVCO), Skyline Champion (SKY), D.R. Horton (DHI) and Century Communities (CCS) are builders "that fit that description." McCanless likes spec builders, saying they have the ability to dial supply up and down depending on local market demand, providing a higher level of operating flexibility than the to be built operators.

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DHI D.R. Horton
$89.40 /

+1.605 (+1.83%)

CVCO Cavco Industries
$228.20 /

+5.41 (+2.43%)

CCS Century Communities
$50.23 /

+1.64 (+3.38%)

CVCO Cavco Industries
$228.20 /

+5.41 (+2.43%)

11/07/22 Craig-Hallum
Cavco Industries price target lowered to $290 from $335 at Craig-Hallum
08/08/22 Craig-Hallum
Cavco Industries price target raised to $335 from $322 at Craig-Hallum
08/05/22 Wedbush
Cavco Industries upgraded to Outperform from Neutral at Wedbush
05/31/22 Craig-Hallum
Cavco Industries price target lowered to $322 from $340 at Craig-Hallum
SKY Skyline Champion
$51.61 /

+1.23 (+2.44%)

12/14/22 Barclays
Skyline Champion downgraded to Equal Weight from Overweight at Barclays
11/03/22 Craig-Hallum
Skyline Champion price target lowered to $65 from $75 at Craig-Hallum
11/03/22 RBC Capital
Skyline Champion cut to Sector Perform at RBC Capital on sharp decline in orders
11/03/22 RBC Capital
Skyline Champion downgraded to Sector Perform from Outperform at RBC Capital
DHI D.R. Horton
$89.40 /

+1.605 (+1.83%)

12/14/22 Barclays
D.R. Horton price target raised to $108 from $95 at Barclays
12/06/22 BTIG
D.R. Horton price target raised to $101 from $90 at BTIG
11/22/22 JPMorgan
D.R. Horton price target raised to $100 from $81 at JPMorgan
11/14/22 KeyBanc
D.R. Horton price target raised to $97 from $84 at KeyBanc
CCS Century Communities
$50.23 /

+1.64 (+3.38%)

11/29/22 BTIG
Century Communities initiated with a Neutral at BTIG
11/22/22 JPMorgan
Century Communities downgraded to Underweight from Overweight at JPMorgan
10/27/22 B. Riley
Century Communities downgraded on margin headwinds at B. Riley
10/27/22 B. Riley
Century Communities downgraded to Neutral from Buy at B. Riley
SKY Skyline Champion
$51.61 /

+1.23 (+2.44%)

DHI D.R. Horton
$89.40 /

+1.605 (+1.83%)

CVCO Cavco Industries
$228.20 /

+5.41 (+2.43%)

CCS Century Communities
$50.23 /

+1.64 (+3.38%)

DHI D.R. Horton
$89.40 /

+1.605 (+1.83%)

SKY Skyline Champion
$51.61 /

+1.23 (+2.44%)

DHI D.R. Horton
$89.40 /

+1.605 (+1.83%)

DHI D.R. Horton
$89.40 /

+1.605 (+1.83%)

Conference/Events
Century Communities management to meet virtually with BTIG » 04:55
12/06/22
12/06
04:55
12/06/22
04:55
CCS

Century Communities

$49.58 /

-1.54 (-3.01%)

Virtual Meetings to be…

Virtual Meetings to be held on December 5-6 hosted by BTIG.

ShowHide Related Items >><<
CCS Century Communities
$49.58 /

-1.54 (-3.01%)

CCS Century Communities
$49.58 /

-1.54 (-3.01%)

11/29/22 BTIG
Century Communities initiated with a Neutral at BTIG
11/22/22 JPMorgan
Century Communities downgraded to Underweight from Overweight at JPMorgan
10/27/22 B. Riley
Century Communities downgraded on margin headwinds at B. Riley
10/27/22 B. Riley
Century Communities downgraded to Neutral from Buy at B. Riley
CCS Century Communities
$49.58 /

-1.54 (-3.01%)

Conference/Events
Century Communities management to meet virtually with BTIG » 04:55
12/05/22
12/05
04:55
12/05/22
04:55
CCS

Century Communities

$51.13 /

-0.82 (-1.58%)

Virtual Meetings to be…

Virtual Meetings to be held on December 5-6 hosted by BTIG.

ShowHide Related Items >><<
CCS Century Communities
$51.13 /

-0.82 (-1.58%)

CCS Century Communities
$51.13 /

-0.82 (-1.58%)

11/29/22 BTIG
Century Communities initiated with a Neutral at BTIG
11/22/22 JPMorgan
Century Communities downgraded to Underweight from Overweight at JPMorgan
10/27/22 B. Riley
Century Communities downgraded on margin headwinds at B. Riley
10/27/22 B. Riley
Century Communities downgraded to Neutral from Buy at B. Riley
CCS Century Communities
$51.13 /

-0.82 (-1.58%)

Initiation
Century Communities initiated with a Neutral at BTIG » 07:24
11/29/22
11/29
07:24
11/29/22
07:24
CCS

Century Communities

$46.84 /

-0.85 (-1.78%)

BTIG analyst Carl…

BTIG analyst Carl Reichardt initiated coverage of Century Communities with a Neutral rating. The analyst is positive on the company's focus, which is low-end spec homes in the southeast and southwest, also stating that he "especially likes" the "Century Complete" concentrating on "very affordable" product built in less competitive ex-urban locations and also with a presence in Midwestern and Southeastern states not yet dominate by larger peers. Reichardt warns however that higher mortgage rates and aggressive pricing have hurt Century Communities', with supply chain challenges also leaving the company short of ready-to-occupy homes.

ShowHide Related Items >><<
CCS Century Communities
$46.84 /

-0.85 (-1.78%)

CCS Century Communities
$46.84 /

-0.85 (-1.78%)

11/22/22 JPMorgan
Century Communities downgraded to Underweight from Overweight at JPMorgan
10/27/22 B. Riley
Century Communities downgraded on margin headwinds at B. Riley
10/27/22 B. Riley
Century Communities downgraded to Neutral from Buy at B. Riley
10/18/22 B. Riley
Century Communities price target lowered to $54 from $61 at B. Riley
CCS Century Communities
$46.84 /

-0.85 (-1.78%)

Conference/Events
Century Communities management to meet virtually with BTIG » 12:24
11/28/22
11/28
12:24
11/28/22
12:24
CCS

Century Communities

$47.39 /

-0.5 (-1.04%)

Virtual Meetings to be…

Virtual Meetings to be held on December 5-6 hosted by BTIG.

ShowHide Related Items >><<
CCS Century Communities
$47.39 /

-0.5 (-1.04%)

CCS Century Communities
$47.39 /

-0.5 (-1.04%)

11/22/22 JPMorgan
Century Communities downgraded to Underweight from Overweight at JPMorgan
10/27/22 B. Riley
Century Communities downgraded on margin headwinds at B. Riley
10/27/22 B. Riley
Century Communities downgraded to Neutral from Buy at B. Riley
10/18/22 B. Riley
Century Communities price target lowered to $54 from $61 at B. Riley
CCS Century Communities
$47.39 /

-0.5 (-1.04%)

Downgrade
Century Communities downgraded to Underweight from Overweight at JPMorgan » 07:10
11/22/22
11/22
07:10
11/22/22
07:10
CCS

Century Communities

$45.89 /

-0.32 (-0.69%)

JPMorgan analyst Michael…

JPMorgan analyst Michael Rehaut double downgraded Century Communities to Underweight from Overweight with a price target of $48, up from $47.50. Approaching 2023, the analyst is moving to a positive sector stance on the homebuilders. The stocks are already pricing in a mild recession and currently offer a favorable risk/reward, Rehaut tells investors in a research note. To the extent that the Federal Reserve tightening cycle ends in the first half of 2023, this would likely prove to be a "significant positive catalyst for the group," says the analyst. He cites valuation for the double downgrade of Century Communities.

ShowHide Related Items >><<
CCS Century Communities
$45.89 /

-0.32 (-0.69%)

CCS Century Communities
$45.89 /

-0.32 (-0.69%)

10/27/22 B. Riley
Century Communities downgraded on margin headwinds at B. Riley
10/27/22 B. Riley
Century Communities downgraded to Neutral from Buy at B. Riley
10/18/22 B. Riley
Century Communities price target lowered to $54 from $61 at B. Riley
10/10/22 Wedbush
Century Communities price target lowered to $79 from $94 at Wedbush
CCS Century Communities
$45.89 /

-0.32 (-0.69%)

Over a quarter ago
Hot Stocks
Century Communities falls -12.0% » 09:47
10/27/22
10/27
09:47
10/27/22
09:47
CCS

Century Communities

$42.06 /

-4.93 (-10.49%)

Century Communities is…

Century Communities is down -12.0%, or -$5.66 to $41.37.

ShowHide Related Items >><<
CCS Century Communities
$42.06 /

-4.93 (-10.49%)

CCS Century Communities
$42.06 /

-4.93 (-10.49%)

10/27/22 B. Riley
Century Communities downgraded on margin headwinds at B. Riley
10/27/22 B. Riley
Century Communities downgraded to Neutral from Buy at B. Riley
10/18/22 B. Riley
Century Communities price target lowered to $54 from $61 at B. Riley
10/10/22 Wedbush
Century Communities price target lowered to $79 from $94 at Wedbush
CCS Century Communities
$42.06 /

-4.93 (-10.49%)

Downgrade
Century Communities downgraded on margin headwinds at B. Riley » 07:24
10/27/22
10/27
07:24
10/27/22
07:24
CCS

Century Communities

$46.99 /

-0.14 (-0.30%)

B. Riley analyst Alex…

B. Riley analyst Alex Rygiel downgraded Century Communities to Neutral from Buy with a price target of $44, down from $54. The company's Q3 financial results were mixed with modestly better home sales revenue and lower adjusted EBITDA, Rygiel tells investors in a research note. However, net new orders were significantly below estimates and were down 52% year-over-year and down 40% versus Q2 on notably higher cancellations, says the analyst. He anticipates "further and meaningful" gross margin deterioration near-term as management moves inventory. Rygiel downgrades Century Communities "until the housing market stabilizes and we have greater visibility."

ShowHide Related Items >><<
CCS Century Communities
$46.99 /

-0.14 (-0.30%)

CCS Century Communities
$46.99 /

-0.14 (-0.30%)

10/27/22 B. Riley
Century Communities downgraded to Neutral from Buy at B. Riley
10/18/22 B. Riley
Century Communities price target lowered to $54 from $61 at B. Riley
10/10/22 Wedbush
Century Communities price target lowered to $79 from $94 at Wedbush
07/28/22 B. Riley
Century Communities price target raised to $61 from $57 at B. Riley
CCS Century Communities
$46.99 /

-0.14 (-0.30%)

Downgrade
Century Communities downgraded to Neutral from Buy at B. Riley » 04:58
10/27/22
10/27
04:58
10/27/22
04:58
CCS

Century Communities

$46.99 /

-0.14 (-0.30%)

B. Riley analyst Alex…

B. Riley analyst Alex Rygiel downgraded Century Communities to Neutral from Buy with a price target of $44, down from $54.

ShowHide Related Items >><<
CCS Century Communities
$46.99 /

-0.14 (-0.30%)

CCS Century Communities
$46.99 /

-0.14 (-0.30%)

10/18/22 B. Riley
Century Communities price target lowered to $54 from $61 at B. Riley
10/10/22 Wedbush
Century Communities price target lowered to $79 from $94 at Wedbush
07/28/22 B. Riley
Century Communities price target raised to $61 from $57 at B. Riley
07/12/22 JPMorgan
Century Communities price target lowered to $57 from $70.50 at JPMorgan
CCS Century Communities
$46.99 /

-0.14 (-0.30%)

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