Century Communities (NYSE:CCS) Shares Down 4.8% – Here’s What Happened

Shares of Century Communities, Inc. (NYSE:CCS) dropped 4.8% during mid-day trading on Friday . The company traded as low as $73.28 and last traded at $73.36. Approximately 54,969 shares changed hands during trading, a decline of 88% from the average daily volume of 471,476 shares. The stock had previously closed at $77.06.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CCS. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $97.00 in a research note on Friday, December 13th. Wedbush reissued a “neutral” rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. StockNews.com lowered Century Communities from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Finally, B. Riley reiterated a “buy” rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $103.00.

Century Communities Price Performance

The firm’s fifty day moving average price is $77.83 and its 200-day moving average price is $89.63. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.28 billion, a P/E ratio of 7.07 and a beta of 1.92.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Analysts forecast that Century Communities, Inc. will post 12.1 earnings per share for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.58%. This is a boost from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, February 26th. Century Communities’s payout ratio is presently 10.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CCS. Point72 Hong Kong Ltd bought a new position in shares of Century Communities in the 3rd quarter worth approximately $51,000. Smartleaf Asset Management LLC boosted its stake in shares of Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company’s stock worth $54,000 after acquiring an additional 569 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Century Communities by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after acquiring an additional 287 shares during the period. Signaturefd LLC increased its stake in shares of Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock worth $134,000 after purchasing an additional 161 shares in the last quarter. Finally, KBC Group NV raised its holdings in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares during the period. 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.