Century Communities (NYSE:CCS) Trading Down 4.8% - Time to Sell?

Century Communities, Inc. (NYSE:CCS - Get Free Report)'s stock price traded down 4.8% on Friday . The company traded as low as $73.28 and last traded at $73.36. 54,969 shares were traded during trading, a decline of 88% from the average session volume of 471,476 shares. The stock had previously closed at $77.06.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Zelman & Associates upgraded shares of Century Communities to a "hold" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upgraded Century Communities from an "underweight" rating to a "neutral" rating and cut their price objective for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. Wedbush restated a "neutral" rating and issued a $93.00 target price (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. StockNews.com cut Century Communities from a "hold" rating to a "sell" rating in a research report on Thursday, December 5th. Finally, B. Riley restated a "buy" rating and issued a $119.00 price objective (up previously from $113.00) on shares of Century Communities in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $103.00.

Century Communities Stock Performance

The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 7.08 and a beta of 1.92. The firm's 50-day moving average price is $77.16 and its two-hundred day moving average price is $89.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

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, 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%. On average, analysts expect that Century Communities, Inc. will post 11.72 EPS for the current fiscal year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is 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 dividend yield of 1.57%. Century Communities's dividend payout ratio is currently 10.00%.

Institutional Trading of Century Communities

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bridge City Capital LLC lifted its holdings in shares of Century Communities by 8.3% in the 4th quarter. Bridge City Capital LLC now owns 44,790 shares of the construction company's stock worth $3,286,000 after acquiring an additional 3,429 shares during the last quarter. LPL Financial LLC boosted its position in shares of Century Communities by 41.6% during the fourth quarter. LPL Financial LLC now owns 3,574 shares of the construction company's stock worth $262,000 after buying an additional 1,050 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Century Communities in the fourth quarter valued at $425,000. American Century Companies Inc. raised its holdings in shares of Century Communities by 5.4% in the 4th quarter. American Century Companies Inc. now owns 58,059 shares of the construction company's stock valued at $4,259,000 after buying an additional 2,951 shares during the period. Finally, Quantbot Technologies LP lifted its stake in Century Communities by 38.6% during the 4th quarter. Quantbot Technologies LP now owns 16,852 shares of the construction company's stock worth $1,236,000 after acquiring an additional 4,696 shares in the last quarter. 99.54% of the stock is currently owned by hedge funds and other institutional investors.

Century Communities Company Profile

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.