Century Communities (NYSE:CCS) Hits New 1-Year Low – Here’s Why

Century Communities, Inc. (NYSE:CCS)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $73.39 and last traded at $73.39, with a volume of 48697 shares trading hands. The stock had previously closed at $75.03.

Analysts Set New Price Targets

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

Century Communities Trading Down 2.0 %

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 business’s 50-day simple moving average is $87.12 and its 200-day simple moving average is $91.44. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 7.33 and a beta of 1.87.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company posted $2.58 EPS. Century Communities’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, research analysts expect that Century Communities, Inc. will post 10.95 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.41%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Institutional Investors Weigh In On Century Communities

A number of large investors have recently added to or reduced their stakes in CCS. JPMorgan Chase & Co. lifted its position in Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock worth $21,296,000 after purchasing an additional 10,453 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Century Communities by 11.6% in the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after acquiring an additional 51,021 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Century Communities during the 3rd quarter valued at approximately $340,000. Barclays PLC increased its position in Century Communities by 8.5% during the 3rd quarter. Barclays PLC now owns 76,114 shares of the construction company’s stock worth $7,837,000 after purchasing an additional 5,981 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Century Communities in the 3rd quarter valued at approximately $1,061,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Company Profile

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.