Century Communities (NYSE:CCS) Hits New 1-Year Low – What’s Next?

Century Communities, Inc. (NYSE:CCS)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $66.62 and last traded at $66.97, with a volume of 156133 shares traded. The stock had previously closed at $68.33.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CCS. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and cut their price objective for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a research report on Friday, January 31st. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, Wedbush reiterated a “neutral” rating and set a $93.00 target price (down from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $103.00.

Century Communities Stock Performance

The firm has a 50 day moving average of $73.36 and a 200-day moving average of $85.47. The company has a market cap of $2.09 billion, a P/E ratio of 6.49 and a beta of 2.10. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, sell-side analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.72%. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CCS. First Trust Advisors LP increased its position in shares of Century Communities by 67.3% during the fourth quarter. First Trust Advisors LP now owns 1,120,495 shares of the construction company’s stock worth $82,200,000 after purchasing an additional 450,914 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Century Communities by 51.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 679,307 shares of the construction company’s stock valued at $49,834,000 after buying an additional 230,113 shares in the last quarter. Marshall Wace LLP raised its stake in Century Communities by 660.5% in the fourth quarter. Marshall Wace LLP now owns 202,518 shares of the construction company’s stock valued at $14,857,000 after buying an additional 175,887 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Century Communities by 140.2% during the fourth quarter. Squarepoint Ops LLC now owns 177,413 shares of the construction company’s stock valued at $13,015,000 after acquiring an additional 103,564 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its position in shares of Century Communities by 14.1% in the 4th quarter. Westwood Holdings Group Inc. now owns 801,403 shares of the construction company’s stock valued at $58,791,000 after purchasing an additional 99,136 shares during the last quarter. Hedge funds and other institutional investors 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.