Century Communities (NYSE:CCS) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Century Communities, Inc. (NYSE:CCS) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $61.19 and traded as low as $58.60. Century Communities shares last traded at $58.7510, with a volume of 264,247 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $56.00 price objective on shares of Century Communities in a research report on Thursday, December 4th. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.33.

Century Communities Price Performance

The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 8.58 and a beta of 1.53. The company has a fifty day simple moving average of $61.19 and a two-hundred day simple moving average of $61.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. The business had revenue of $980.28 million during the quarter, compared to the consensus estimate of $906.10 million. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The business’s revenue for the quarter was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.77 earnings per share. As a group, research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.0%. Century Communities’s dividend payout ratio is currently 16.93%.

Institutional Investors Weigh In On Century Communities

Several hedge funds have recently modified their holdings of CCS. Lazard Asset Management LLC raised its position in shares of Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock worth $134,000 after buying an additional 173 shares during the period. Quadrant Capital Group LLC lifted its position in Century Communities by 1.4% during the third quarter. Quadrant Capital Group LLC now owns 12,515 shares of the construction company’s stock valued at $793,000 after buying an additional 173 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Century Communities by 8.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the construction company’s stock valued at $159,000 after buying an additional 185 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Century Communities by 4.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,917 shares of the construction company’s stock worth $312,000 after buying an additional 191 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Century Communities by 17.4% in the second quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after acquiring an additional 275 shares in the last quarter. 99.54% of the stock is owned by institutional investors and hedge funds.

About Century Communities

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.