Century Communities (NYSE:CCS) Sets New 12-Month Low - Should You Sell?

Century Communities, Inc. (NYSE:CCS - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $57.86 and last traded at $58.77, with a volume of 343604 shares. The stock had previously closed at $62.56.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCS. Zelman & Associates raised Century Communities to a "hold" rating in a research note on Friday, January 31st. Wedbush reaffirmed a "neutral" rating and issued a $93.00 price target (down from $96.00) on shares of Century Communities in a research note on Thursday, January 30th. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $103.00.

Century Communities Price Performance

The company has a 50 day moving average of $69.10 and a 200 day moving average of $79.84. 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 cap of $1.81 billion, a price-to-earnings ratio of 5.67 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Equities research analysts predict that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.29 dividend. 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 1.97%. This is a positive change from Century Communities's previous quarterly dividend of $0.26. Century Communities's payout ratio is presently 11.15%.

Institutional Investors Weigh In On Century Communities

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 10,453 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Century Communities by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock valued at $9,820,000 after purchasing an additional 3,747 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position 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 worth $38,699,000 after buying an additional 34,046 shares during the period. Edgestream Partners L.P. grew its holdings in shares of Century Communities by 257.7% during the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company's stock worth $4,732,000 after buying an additional 46,477 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Century Communities in the 3rd quarter valued at 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.