Zelman Downgrades Century Communities to Underperform

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Summary · why it matters

Zelman downgraded Century Communities to Underperform from Neutral on July 7. The homebuilder reported first-quarter 2026 net income of $24.4 million, or $0.84 per diluted share, on total revenues of $789.7 million. Adjusted homebuilding gross margin rose 140 basis points sequentially to 19.7%, and the company repurchased 617,087 shares for $40.0 million.

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