Professional
Added to YB: 2024-07-26
Pitch date: 2024-06-30
CCS [bullish]
Century Communities, Inc.
-21.36%
current return
Author Info
No bio for this author
Company Info
Century Communities, Inc., together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes.
Market Cap
$1.9B
Pitch Price
$79.93
Price Target
N/A
Dividend
1.78%
EV/EBITDA
8.94
P/E
7.88
EV/Sales
0.79
Sector
Household Durables
Category
value
Heartland Value Fund Portfolio Holding: Century Communities, Inc.
CCS: Homebuilder focused on entry-level buyers (94% sales). Stock down 15% Q2 on rising mortgage rates. Long-term opportunity: 7.2M housing shortage since 2012. Millennials forming households, only 52% own homes vs 70%+ for older gens. Trading at 1x book vs 1.7x sector avg. 20+ years profitable. Management poised to navigate slowdown & capitalize on supply-demand gap.
Read full article (1 min)