Century Communities (NYSE:CCS) Shares Cross Above Fifty Day Moving Average – What’s Next?

Century Communities, Inc. (NYSE:CCS) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $56.04 and traded as high as $56.29. Century Communities shares last traded at $56.19, with a volume of 344,391 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on CCS. Wall Street Zen downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. JPMorgan Chase & Co. dropped their target price on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings downgraded Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. B. Riley Financial downgraded Century Communities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $64.00 in a research report on Thursday, April 23rd. Finally, Zacks Research downgraded Century Communities from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $67.00.

Century Communities Trading Up 3.9%

The company’s 50 day simple moving average is $56.04 and its 200 day simple moving average is $61.02. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 12.66 and a beta of 1.34. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.61 by $0.27. The business had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The company’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 earnings per share. As a group, research analysts expect that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $1.28 annualized dividend and a dividend yield of 2.3%. Century Communities’s payout ratio is 28.83%.

Hedge Funds Weigh In On Century Communities

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of Century Communities by 207.6% in the fourth quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock worth $36,000 after acquiring an additional 411 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Century Communities by 175.5% during the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after purchasing an additional 465 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Century Communities during the fourth quarter worth $70,000. Jones Financial Companies Lllp grew its stake in shares of Century Communities by 1,513.3% during the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Century Communities during the first quarter worth $81,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Century Communities Company Profile

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.