Century Communities (NYSE:CCS) Hits New 1-Year Low - Here's What Happened

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

Wall Street Analyst Weigh In

CCS has been the topic of a number of recent research reports. StockNews.com downgraded shares of Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. Wedbush reiterated a "neutral" rating and set a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an "underweight" rating to a "neutral" rating and reduced their target price for the company from $110.00 to $97.00 in a research note on Friday, December 13th. One investment 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, Century Communities presently has a consensus rating of "Hold" and a consensus price target of $103.00.

Century Communities Price Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The company's 50 day moving average price is $73.16 and its 200 day moving average price is $84.89. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 6.57 and a beta of 2.10.

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Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly 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%. On average, equities research analysts predict that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.16 dividend on an annualized basis and a yield of 1.70%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. Century Communities's dividend payout ratio is currently 11.15%.

Institutional Investors Weigh In On Century Communities

A number of hedge funds have recently added to or reduced their stakes in CCS. Point72 Hong Kong Ltd bought a new stake in Century Communities during the 3rd quarter worth about $51,000. Smartleaf Asset Management LLC lifted its position in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after purchasing an additional 569 shares during the period. Sterling Capital Management LLC lifted its position in Century Communities by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after purchasing an additional 688 shares during the period. Headlands Technologies LLC acquired a new position in Century Communities during the 4th quarter valued at about $74,000. Finally, KBC Group NV lifted its position in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock valued at $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.