Century Communities downgraded to Neutral at B. Riley on limited visibility

As previously reported, B. Riley downgraded Century Communities (CCS) to Neutral from Buy with a price target of $64, down from $75. Century reported Q1 adjusted EPS that beat consensus, but the beat was mostly non-recurring and if one strips out those impacts core EPS was 32% below consensus, the analyst tells investors. Management cut FY26 delivery guidance by 5%, notes the analyst, who says the firm’s downgrade “comes down to two things,” namely limited visibility to a FY27 recovery and a likely margin headwind in the back half of 2026 as building materials suppliers pass through input cost inflation.