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

Century Communities, Inc. (NYSE:CCS)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $71.86 and last traded at $73.10, with a volume of 42493 shares traded. The stock had previously closed at $72.68.

Analyst Ratings Changes

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

Century Communities Trading Down 0.2 %

The firm has a market cap of $2.27 billion, a P/E ratio of 7.23 and a beta of 1.91. The stock has a 50 day simple moving average of $84.54 and a 200-day simple moving average of $91.08. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last announced 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 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 quarter in the previous year, the business posted $2.58 earnings per share. Century Communities’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities research analysts expect that Century Communities, Inc. will post 10.95 EPS 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 issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

Institutional Investors Weigh In On Century Communities

Large investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd bought a new stake in shares of Century Communities in the 3rd quarter valued at approximately $51,000. GAMMA Investing LLC lifted its position 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 buying an additional 287 shares during the last quarter. Signaturefd LLC lifted its position in Century Communities by 14.1% in 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 during the last quarter. Daiwa Securities Group Inc. purchased a new position in Century Communities during the third quarter worth $144,000. Finally, ZWJ Investment Counsel Inc. bought a new position in Century Communities during the third quarter valued at $217,000. 99.54% of the stock is owned by institutional investors.

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.