Century Communities (NYSE:CCS) Sets New 12-Month Low - Here's Why

Century Communities, Inc. (NYSE:CCS - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as $65.22 and last traded at $66.41, with a volume of 16222 shares changing hands. The stock had previously closed at $66.87.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research note on Friday, January 31st. Wedbush reaffirmed a "neutral" rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. JPMorgan Chase & Co. upgraded shares of Century Communities from an "underweight" rating to a "neutral" rating and decreased their price objective for the stock from $110.00 to $97.00 in a report on Friday, December 13th. Finally, StockNews.com downgraded Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th. One research 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $103.00.

Century Communities Trading Up 1.1 %

The stock has a 50 day simple moving average of $71.92 and a 200-day simple moving average of $82.35. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.08 billion, a P/E ratio of 6.53 and a beta of 1.76.

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Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share 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 forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently declared 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 is a boost from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 1.71%. Century Communities's dividend payout ratio (DPR) is currently 11.15%.

Institutional Trading of Century Communities

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Century Communities by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company's stock worth $21,296,000 after buying an additional 10,453 shares during the period. Principal Financial Group Inc. lifted its position in shares of Century Communities by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock worth $9,820,000 after purchasing an additional 3,747 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company's stock valued at $38,699,000 after purchasing an additional 34,046 shares in the last quarter. Edgestream Partners L.P. increased its holdings in Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock valued at $4,732,000 after buying an additional 46,477 shares during the period. Finally, HighTower Advisors LLC bought a new position in Century Communities in the third quarter worth approximately $543,000. 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.