Century Communities (NYSE:CCS) Hits New 12-Month Low – Should You Sell?

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

Analysts Set New Price Targets

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

Century Communities Stock Up 1.2 %

The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 7.19 and a beta of 1.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The business has a fifty day moving average price of $83.41 and a two-hundred day moving average price of $90.97.

Century Communities (NYSE:CCS) last issued 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 the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $2.58 EPS. Century Communities’s quarterly revenue was up 23.7% on a year-over-year basis. On average, equities analysts expect that Century Communities, Inc. will post 10.95 earnings per share for the current year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors 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 annualized dividend and a dividend yield of 1.44%. Century Communities’s dividend payout ratio (DPR) is presently 10.37%.

Institutional Investors Weigh In On Century Communities

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its holdings in Century Communities by 1.9% during the second quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after acquiring an additional 147 shares during the period. Quest Partners LLC acquired a new stake in shares of Century Communities during the 2nd quarter worth approximately $281,000. Choreo LLC purchased a new position in shares of Century Communities during the 2nd quarter valued at approximately $972,000. Pier Capital LLC lifted its stake in shares of Century Communities by 33.0% in the 2nd quarter. Pier Capital LLC now owns 99,171 shares of the construction company’s stock valued at $8,098,000 after purchasing an additional 24,630 shares during the period. Finally, Factorial Partners LLC boosted its holdings in Century Communities by 18.5% during the second quarter. Factorial Partners LLC now owns 18,600 shares of the construction company’s stock worth $1,519,000 after buying an additional 2,900 shares in the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

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.