Century Communities (NYSE:CCS) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Century Communities, Inc. (NYSE:CCS) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $56.04 and traded as high as $56.29. Century Communities shares last traded at $56.19, with a volume of 344,391 shares changing hands.

Analysts Set New Price Targets

CCS has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings lowered shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. B. Riley Financial lowered shares of Century Communities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Century Communities has a consensus rating of “Reduce” and a consensus price target of $67.00.

Century Communities Trading Down 1.1%

The firm has a market cap of $1.60 billion, a PE ratio of 12.52 and a beta of 1.34. The company’s 50 day moving average price is $56.00 and its two-hundred day moving average price is $60.98. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.27. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The business had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. During the same period last year, the company earned $1.36 earnings per share. The business’s revenue for the quarter was down 16.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Century Communities, Inc. will post 3.84 EPS for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, May 27th. Century Communities’s dividend payout ratio (DPR) is 28.83%.

Institutional Trading of Century Communities

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Century Communities by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock valued at $117,397,000 after acquiring an additional 72,920 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Century Communities by 9.3% in the fourth quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after acquiring an additional 139,141 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Century Communities by 32.2% in the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock valued at $58,832,000 after acquiring an additional 254,186 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Century Communities by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company’s stock valued at $38,562,000 after acquiring an additional 32,561 shares in the last quarter. Finally, New South Capital Management Inc. raised its holdings in shares of Century Communities by 285.1% in the fourth quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after acquiring an additional 451,187 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Company Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.