Century Communities (NYSE:CCS) Trading Down 4.6% – Should You Sell?

Century Communities, Inc. (NYSE:CCS)’s share price dropped 4.6% during mid-day trading on Friday . The stock traded as low as $61.31 and last traded at $63.1010. Approximately 3,354 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 400,597 shares. The stock had previously closed at $66.14.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCS. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $56.00 price target on shares of Century Communities in a research report on Thursday. Zacks Research raised Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a research note 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $71.33.

Century Communities Stock Performance

The firm has a fifty day simple moving average of $61.09 and a 200-day simple moving average of $60.37. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 9.15 and a beta of 1.53. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.45.

Century Communities (NYSE:CCS) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.66. The business had revenue of $980.28 million for the quarter, compared to analyst estimates of $906.10 million. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The firm’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Wednesday, November 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, November 26th. Century Communities’s dividend payout ratio is currently 16.93%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. US Bancorp DE increased its holdings in shares of Century Communities by 142.3% in the first quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after acquiring an additional 232 shares in the last quarter. Traub Capital Management LLC bought a new position in Century Communities in the second quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after buying an additional 465 shares during the period. Covestor Ltd raised its holdings in shares of Century Communities by 104.5% during the first quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock worth $73,000 after acquiring an additional 555 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Century Communities by 1,513.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after acquiring an additional 1,135 shares in the last quarter. Institutional investors and hedge funds 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.