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

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

Analyst Ratings Changes

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

Century Communities Stock Performance

The company’s fifty day simple moving average is $82.69 and its two-hundred day simple moving average is $90.75. 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 stock has a market capitalization of $2.16 billion, a P/E ratio of 6.89 and a beta of 1.91.

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

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were given 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 payout ratio is presently 10.37%.

Institutional Trading of Century Communities

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd acquired a new position in shares of Century Communities during the 3rd quarter worth approximately $51,000. GAMMA Investing LLC grew its position in Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock worth $108,000 after buying an additional 287 shares in the last quarter. Signaturefd LLC grew 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 worth $134,000 after buying an additional 161 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in Century Communities during the 3rd quarter worth $144,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in Century Communities in the 3rd quarter valued at $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.