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

Century Communities, Inc. (NYSE:CCS - Get Free Report) shares reached a new 52-week low during trading on Thursday . The company traded as low as $69.82 and last traded at $72.12, with a volume of 293903 shares trading hands. The stock had previously closed at $71.26.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCS. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. raised shares of Century Communities from an "underweight" rating to a "neutral" rating and reduced their target price for the stock from $110.00 to $97.00 in a research report on Friday, December 13th. Wedbush increased their price target on shares of Century Communities from $90.00 to $96.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Finally, B. Riley reissued a "buy" rating and set a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a research note on Thursday, October 24th.

Century Communities Stock Up 1.2 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $83.08 and a 200-day simple moving average of $90.84. The firm has a market cap of $2.26 billion, a PE ratio of 7.19 and a beta of 1.91.

Century Communities (NYSE:CCS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.16. Century Communities had a return on equity of 13.79% and a net margin of 7.44%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $2.58 EPS. Century Communities's quarterly revenue was up 23.7% compared to the same quarter last year. Sell-side analysts predict that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, November 27th. Century Communities's payout ratio is 10.37%.

Hedge Funds Weigh In On Century Communities

A number of hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new stake in shares of Century Communities in the 3rd quarter worth $51,000. GAMMA Investing LLC boosted its position in shares of Century Communities by 37.6% during the third quarter. GAMMA Investing LLC now owns 1,050 shares of the construction company's stock valued at $108,000 after buying an additional 287 shares during the last quarter. Signaturefd LLC increased its holdings in Century Communities by 14.1% in the 3rd quarter. Signaturefd LLC now owns 1,299 shares of the construction company's stock worth $134,000 after buying an additional 161 shares in the last quarter. Daiwa Securities Group Inc. purchased a new position in Century Communities in the 3rd quarter worth about $144,000. Finally, Canada Pension Plan Investment Board bought a new position in Century Communities during the 2nd quarter valued at about $180,000. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

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.