Century Communities (NYSE:CCS) Sets New 52-Week Low – Here’s Why

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

Analyst Upgrades and Downgrades

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

Century Communities Stock Up 1.2 %

The firm has a market cap of $2.26 billion, a P/E ratio of 7.19 and a beta of 1.91. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $83.41 and a 200-day moving average price of $90.97.

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

Century Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is 10.37%.

Institutional Trading of Century Communities

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its stake in shares of Century Communities by 11.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company’s stock worth $72,122,000 after purchasing an additional 89,310 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Century Communities by 9.9% during the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company’s stock valued at $56,063,000 after buying an additional 49,256 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Century Communities by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company’s stock valued at $50,819,000 after buying an additional 16,397 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after buying an additional 51,021 shares during the last quarter. Finally, Basswood Capital Management L.L.C. raised its stake in shares of Century Communities by 11.8% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock worth $44,896,000 after acquiring an additional 46,104 shares in the last quarter. 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.