Century Communities, Inc. (NYSE:CCS - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $68.37 and last traded at $68.92, with a volume of 191719 shares changing hands. The stock had previously closed at $69.43.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of 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. StockNews.com downgraded shares of Century Communities from a "hold" rating to a "sell" rating in a report on Thursday, December 5th. Wedbush reissued a "neutral" rating and set a $93.00 price objective (down previously from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, Zelman & Associates raised Century Communities to a "hold" rating in a report on Friday, January 31st. 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 company. According to MarketBeat.com, Century Communities presently has a consensus rating of "Hold" and a consensus price target of $103.00.
Check Out Our Latest Stock Analysis on CCS
Century Communities Trading Down 0.8 %
The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 6.90 and a beta of 1.92. The business's fifty day moving average price is $73.58 and its 200 day moving average price is $86.28.
Century Communities (NYSE:CCS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. Research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.
Century Communities Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.29 dividend. The ex-dividend date is Wednesday, February 26th. This is a boost from Century Communities's previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 1.62%. Century Communities's dividend payout ratio is presently 11.15%.
Institutional Inflows and Outflows
Several 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 valued at $51,000. Smartleaf Asset Management LLC grew its holdings in Century Communities by 336.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after acquiring an additional 569 shares during the period. Sterling Capital Management LLC raised its position in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after acquiring an additional 688 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Century Communities in the 4th quarter worth about $74,000. Finally, KBC Group NV lifted its stake in shares of Century Communities by 44.3% in 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
(
Get Free Report)
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.
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