Century Communities (NYSE:CCS) Hits New 52-Week Low - What's Next?

Century Communities, Inc. (NYSE:CCS - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $50.76 and last traded at $50.77, with a volume of 40449 shares trading hands. The stock had previously closed at $51.87.

Wall Street Analysts Forecast Growth

Separately, Wedbush cut their price target on shares of Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Century Communities currently has a consensus rating of "Hold" and a consensus target price of $101.33.

Century Communities Price Performance

The company's 50-day moving average is $57.26 and its two-hundred day moving average is $69.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $1.64 billion, a P/E ratio of 5.15 and a beta of 1.57.

Century Communities (NYSE:CCS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). The business had revenue of $903.23 million during the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.22 EPS. Sell-side analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, May 28th. Century Communities's dividend payout ratio (DPR) is 12.01%.

Insider Transactions at Century Communities

In related news, Director Elisa Z. Ramirez acquired 500 shares of the company's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $54.68 per share, for a total transaction of $27,340.00. Following the purchase, the director now owns 8,981 shares in the company, valued at approximately $491,081.08. The trade was a 5.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 2,400 shares of company stock valued at $130,426 in the last quarter. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of Century Communities

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in shares of Century Communities by 533.9% during the first quarter. Versant Capital Management Inc now owns 393 shares of the construction company's stock valued at $26,000 after acquiring an additional 331 shares in the last quarter. US Bancorp DE increased its holdings in shares of Century Communities by 142.3% during the first quarter. US Bancorp DE now owns 395 shares of the construction company's stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock valued at $54,000 after acquiring an additional 569 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Century Communities by 800.0% during the fourth quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after buying an additional 688 shares during the last quarter. Finally, Covestor Ltd boosted its position 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 valued at $73,000 after buying an additional 555 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, 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.