Century Communities (NYSE:CCS) Hits New 12-Month Low – Time to Sell?

Century Communities, Inc. (NYSE:CCS) hit a new 52-week low during trading on Monday . The stock traded as low as $65.22 and last traded at $66.41, with a volume of 16222 shares trading hands. The stock had previously closed at $66.87.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CCS shares. Wedbush reaffirmed a “neutral” rating and issued a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. StockNews.com cut Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Zelman & Associates raised Century Communities to a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised Century Communities from an “underweight” rating to a “neutral” rating and cut their price target for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. 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, the stock presently has an average rating of “Hold” and an average target price of $103.00.

Century Communities Stock Down 0.5 %

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 firm has a 50-day simple moving average of $72.46 and a two-hundred day simple moving average of $82.93. The company has a market cap of $2.06 billion, a PE ratio of 6.39 and a beta of 2.10.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.29 dividend. 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 1.74%. The ex-dividend date of this dividend was Wednesday, February 26th. Century Communities’s payout ratio is presently 11.15%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CCS. Point72 Hong Kong Ltd purchased a new position in Century Communities during the third quarter worth about $51,000. Smartleaf Asset Management LLC boosted its position in shares of Century Communities by 336.7% in the fourth 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 last quarter. Sterling Capital Management LLC grew its holdings in Century Communities by 800.0% in the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company’s stock valued at $57,000 after purchasing an additional 688 shares during the period. Headlands Technologies LLC acquired a new position in Century Communities during the fourth quarter worth approximately $74,000. Finally, KBC Group NV raised its stake in Century Communities by 44.3% during the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

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.