Century Communities (NYSE:CCS) Shares Gap Down – Should You Sell?

Century Communities, Inc. (NYSE:CCS) shares gapped down before the market opened on Thursday . The stock had previously closed at $66.14, but opened at $63.44. Century Communities shares last traded at $63.7590, with a volume of 60,496 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CCS shares. Wall Street Zen raised shares of Century Communities from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Century Communities in a report on Wednesday, October 8th. Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $56.00 price target on shares of Century Communities in a research report on Thursday. 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.33.

Century Communities Stock Down 0.5%

The company has a market cap of $1.83 billion, a P/E ratio of 9.08 and a beta of 1.53. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $61.08 and a 200 day moving average of $60.42.

Century Communities (NYSE:CCS) last posted its earnings results on Wednesday, October 22nd. The construction company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.66. The company had revenue of $980.28 million for 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%.Century Communities’s revenue was down 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.77 earnings per share. On average, research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. Century Communities’s dividend payout ratio (DPR) is presently 16.93%.

Institutional Trading of Century Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after purchasing an additional 232 shares during the period. Traub Capital Management LLC purchased a new stake in Century Communities in the second quarter worth about $39,000. EverSource Wealth Advisors LLC increased its position in Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after buying an additional 465 shares in the last quarter. Covestor Ltd raised its stake in shares of Century Communities by 104.5% in the first quarter. Covestor Ltd now owns 1,086 shares of the construction company’s stock worth $73,000 after buying an additional 555 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after buying an additional 1,135 shares in the last quarter. 99.54% of the stock is owned by hedge funds and other institutional investors.

About Century Communities

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.