Century Communities (NYSE:CCS) Reaches New 52-Week Low - Time to Sell?

Century Communities, Inc. (NYSE:CCS - Get Free Report)'s stock price reached a new 52-week low on Monday . The company 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.

Analysts Set New Price Targets

CCS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised Century Communities from an "underweight" rating to a "neutral" rating and lowered their price objective for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Zelman & Associates raised Century Communities to a "hold" rating in a report on Friday, January 31st. Wedbush restated 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. Finally, StockNews.com lowered shares of Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Century Communities currently has an average rating of "Hold" and a consensus price target of $103.00.

Century Communities Price Performance

The stock has a market cap of $2.01 billion, a PE ratio of 6.31 and a beta of 1.76. 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 company has a fifty day moving average of $71.63 and a 200-day moving average of $82.22.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating 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%. Sell-side analysts expect 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. Investors of record on Wednesday, February 26th were given a $0.29 dividend. This is an increase from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a yield of 1.77%. Century Communities's dividend payout ratio is 11.15%.

Institutional Investors Weigh In On Century Communities

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of Century Communities by 533.9% during the 1st quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock worth $26,000 after acquiring an additional 331 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of Century Communities by 2.3% during the 4th quarter. Illinois Municipal Retirement Fund now owns 15,778 shares of the construction company's stock worth $1,157,000 after purchasing an additional 349 shares during the period. KBC Group NV boosted its stake in Century Communities by 44.3% in the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after buying an additional 403 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Century Communities by 27.7% during the 4th quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock valued at $156,000 after buying an additional 460 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Century Communities by 7.8% in the fourth quarter. Cetera Investment Advisers now owns 7,784 shares of the construction company's stock valued at $571,000 after buying an additional 562 shares during the period. Institutional investors and hedge funds 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.