Century Communities (NYSE:CCS) Hits New 1-Year Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

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

Century Communities Price Performance

The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 7.20 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.63 and a current ratio of 0.63. The company’s fifty day moving average is $84.90 and its two-hundred day moving average is $91.15.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. Equities research analysts forecast that Century Communities, Inc. will post 10.95 EPS for the current year.

Century Communities Announces Dividend

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 yield of 1.44%. The ex-dividend date was Wednesday, November 27th. Century Communities’s dividend payout ratio is currently 10.37%.

Hedge Funds Weigh In On Century Communities

A number of institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new position in Century Communities during the 3rd quarter worth $51,000. GAMMA Investing LLC grew its position in Century Communities by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company’s stock valued at $108,000 after buying an additional 287 shares in the last quarter. Signaturefd LLC grew its position in Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock valued at $134,000 after buying an additional 161 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Century Communities during the 3rd quarter valued at about $144,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Century Communities during the 2nd quarter worth about $180,000. 99.54% of the stock is owned by institutional investors and hedge funds.

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.