Century Communities (NYSE:CCS) Reaches New 12-Month Low - What's Next?

Century Communities, Inc. (NYSE:CCS - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $71.86 and last traded at $73.10, with a volume of 42493 shares traded. The stock had previously closed at $72.68.

Analysts Set New Price Targets

CCS has been the topic of several recent analyst reports. 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. JPMorgan Chase & Co. upgraded shares of Century Communities from an "underweight" rating to a "neutral" rating and lowered their target price for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. Finally, StockNews.com downgraded shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th.

Century Communities Trading Down 0.2 %

The firm has a market cap of $2.27 billion, a PE ratio of 7.23 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 has a 50 day simple moving average of $84.54 and a two-hundred day simple moving average of $91.08.

Century Communities (NYSE:CCS - Get Free Report) 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. Analysts expect that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were issued a $0.26 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.43%. Century Communities's dividend payout ratio (DPR) is presently 10.37%.

Institutional Trading of Century Communities

Several hedge funds and other institutional investors have recently bought and sold shares of CCS. Westwood Holdings Group Inc. boosted its position in Century Communities by 11.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 883,197 shares of the construction company's stock worth $72,122,000 after purchasing an additional 89,310 shares in the last quarter. Jennison Associates LLC boosted its holdings in Century Communities by 9.9% during the third quarter. Jennison Associates LLC now owns 544,407 shares of the construction company's stock worth $56,063,000 after buying an additional 49,256 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Century Communities by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 493,480 shares of the construction company's stock valued at $50,819,000 after buying an additional 16,397 shares during the period. Franklin Resources Inc. grew its position in Century Communities by 11.6% during the third quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company's stock valued at $48,502,000 after buying an additional 51,021 shares during the period. Finally, Basswood Capital Management L.L.C. increased its holdings in Century Communities by 11.8% in the third quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company's stock valued at $44,896,000 after buying an additional 46,104 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.