Century Communities (NYSE:CCS) Stock Price Breaks Below 50-Day Moving Average – Here’s What Happened

Century Communities, Inc. (NYSE:CCS) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $65.71 and traded as low as $58.01. Century Communities shares last traded at $58.3220, with a volume of 229,163 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCS. Weiss Ratings raised shares of Century Communities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Zelman & Associates cut Century Communities from a “neutral” rating to an “underperform” rating in a research report on Tuesday, July 7th. Zacks Research cut Century Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 21st. Finally, Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.00.

Century Communities Price Performance

The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 12.37 and a beta of 1.28. The company has a 50-day moving average of $65.47 and a 200-day moving average of $61.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.56 and a current ratio of 0.56.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.67. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.The company had revenue of $927.23 million for the quarter, compared to the consensus estimate of $857.23 million. During the same period last year, the business posted $1.37 EPS. The company’s revenue was down 8.1% on a year-over-year basis. As a group, equities research analysts predict that Century Communities, Inc. will post 4.86 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, August 26th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, August 26th. This represents a $1.28 dividend on an annualized basis and a yield of 2.3%. Century Communities’s dividend payout ratio is presently 28.07%.

Institutional Trading of Century Communities

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nykredit A S purchased a new stake in Century Communities in the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc raised its stake in shares of Century Communities by 56.3% during the 3rd quarter. Versant Capital Management Inc now owns 644 shares of the construction company’s stock worth $39,000 after buying an additional 232 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Century Communities during the 1st quarter worth approximately $81,000. State of Wyoming acquired a new stake in shares of Century Communities in the 2nd quarter valued at approximately $82,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Century Communities in the 2nd quarter valued at approximately $83,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Company Profile

Century Communities, Inc is a residential homebuilder that designs, constructs, and sells single-family homes and townhomes. The company serves a range of buyers, including first-time homeowners, move-up buyers, and purchasers seeking more affordable housing options.

Century Communities markets homes under the Century Communities and Century Complete brands. Its activities generally include land acquisition and development, community planning, home construction, sales, and customer support.