Century Communities (NYSE:CCS) Shares Gap Down – Should You Sell?

Shares of Century Communities, Inc. (NYSE:CCS) gapped down before the market opened on Thursday . The stock had previously closed at $76.94, but opened at $75.17. Century Communities shares last traded at $75.28, with a volume of 37,228 shares traded.

Analyst Upgrades and Downgrades

CCS has been the topic of a number of recent analyst reports. B. Riley reiterated a “buy” rating and issued a $119.00 target price (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, Wedbush boosted their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

Century Communities Trading Up 1.1 %

The business’s fifty day moving average is $89.17 and its 200-day moving average is $91.65. 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 has a market cap of $2.37 billion, a P/E ratio of 7.55 and a beta of 1.87.

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

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.37%. Century Communities’s payout ratio is currently 10.37%.

Institutional Investors Weigh In On Century Communities

Several institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new stake in Century Communities in the third quarter worth $51,000. Signaturefd LLC raised its stake in Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares during the period. GAMMA Investing LLC boosted its holdings in Century Communities by 37.6% in the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after acquiring an additional 287 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Century Communities in the third quarter valued at approximately $144,000. Finally, Innealta Capital LLC bought a new stake in shares of Century Communities during the second quarter valued at approximately $162,000. Institutional investors 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.