Century Communities (NYSE:CCS) Reaches New 12-Month Low – What’s Next?

Century Communities, Inc. (NYSE:CCS)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $69.82 and last traded at $72.12, with a volume of 293903 shares changing hands. The stock had previously closed at $71.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $119.00 price target (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. JPMorgan Chase & Co. upgraded Century Communities from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $110.00 to $97.00 in a report on Friday, December 13th. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, Wedbush lifted their price objective on Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, October 24th.

Century Communities Stock Down 4.4 %

The firm has a market capitalization of $2.16 billion, a P/E ratio of 6.89 and a beta of 1.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The firm’s 50-day moving average is $82.69 and its 200 day moving average is $90.75.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.58 earnings per share. As a group, equities research analysts predict that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.51%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in Century Communities in the 3rd quarter valued at $51,000. GAMMA Investing LLC increased its position in shares of Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares during the last quarter. Signaturefd LLC boosted its position in Century Communities by 14.1% during the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after purchasing an additional 161 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in Century Communities during the third quarter valued at approximately $144,000. Finally, ZWJ Investment Counsel Inc. bought a new position in Century Communities in the third quarter valued at approximately $217,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

About Century Communities

Century Communities, Inc, together with its subsidiaries, engages in the design, development, construction, marketing, and sale of single-family attached and detached homes. It is also involved in the entitlement and development of the underlying land; and provision of mortgage, title, and insurance services to its homebuyers.