Century Communities (NYSE:CCS) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Century Communities, Inc. (NYSE:CCS) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $56.17 and traded as high as $61.52. Century Communities shares last traded at $60.1190, with a volume of 340,058 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research cut Century Communities from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Weiss Ratings cut Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. B. Riley Financial downgraded Century Communities from a “buy” rating to a “neutral” rating and cut their price target for the stock from $75.00 to $64.00 in a research note on Thursday, April 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $67.00.

Century Communities Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.54 and a beta of 1.34. The company has a 50-day moving average of $56.17 and a 200-day moving average of $61.01.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.27. The firm had revenue of $789.67 million for the quarter, compared to analysts’ expectations of $961.12 million. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.Century Communities’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. As a group, equities research analysts expect that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, May 27th. Century Communities’s dividend payout ratio is currently 28.83%.

Institutional Trading of Century Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCS. Royal Bank of Canada raised its stake in Century Communities by 6.5% in the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock valued at $995,000 after purchasing an additional 910 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Century Communities by 138.0% during the 1st quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after purchasing an additional 41,653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Century Communities by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock worth $1,102,000 after purchasing an additional 529 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after buying an additional 1,135 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Century Communities by 16.7% in the first quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after buying an additional 3,026 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Company Profile

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.