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

Shares of Century Communities, Inc. (NYSE:CCS) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $60.66 and traded as low as $58.00. Century Communities shares last traded at $59.6160, with a volume of 174,362 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $56.00 price target on shares of Century Communities in a report on Thursday, December 4th. Finally, Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Century Communities currently has an average rating of “Hold” and a consensus price target of $71.33.

Century Communities Stock Performance

The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.70 and a beta of 1.56. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54. The stock’s fifty day moving average is $60.66 and its two-hundred day moving average is $61.65.

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

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 26th were given 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 1.9%. Century Communities’s dividend payout ratio (DPR) is presently 16.93%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Century Communities by 6.5% in the 1st quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after purchasing an additional 910 shares during the last quarter. Amundi grew its stake in Century Communities by 692.2% in the first quarter. Amundi now owns 110,001 shares of the construction company’s stock worth $6,922,000 after purchasing an additional 96,115 shares in the last quarter. AQR Capital Management LLC increased its holdings in Century Communities by 138.0% in the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock valued at $4,820,000 after buying an additional 41,653 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Century Communities by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after buying an additional 529 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Century Communities by 105.3% during the first quarter. Millennium Management LLC now owns 326,408 shares of the construction company’s stock valued at $21,902,000 after buying an additional 167,404 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

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.