Century Communities (NYSE:CCS) Shares Down 6.6%

Century Communities, Inc. (NYSE:CCSGet Free Report) shares traded down 6.6% during mid-day trading on Tuesday . The stock traded as low as $88.51 and last traded at $89.16. 61,429 shares traded hands during trading, a decline of 81% from the average session volume of 317,703 shares. The stock had previously closed at $95.44.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wedbush reiterated an “underperform” rating and issued a $82.00 price objective (down from $92.00) on shares of Century Communities in a research note on Tuesday. B. Riley upped their price objective on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

Get Our Latest Report on CCS

Century Communities Stock Up 0.7 %

The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 11.12 and a beta of 1.71. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $88.32 and a 200 day moving average price of $79.13.

Century Communities (NYSE:CCSGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.66. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $915.91 million. Sell-side analysts anticipate that Century Communities, Inc. will post 10.06 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio is 12.92%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its holdings in Century Communities by 72.6% during the 1st quarter. JPMorgan Chase & Co. now owns 128,730 shares of the construction company’s stock worth $6,896,000 after purchasing an additional 54,156 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Century Communities by 11.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,343 shares of the construction company’s stock valued at $929,000 after purchasing an additional 1,823 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Century Communities by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 363,683 shares of the construction company’s stock worth $19,482,000 after acquiring an additional 7,071 shares during the last quarter. MetLife Investment Management LLC lifted its position in Century Communities by 57.7% during the first quarter. MetLife Investment Management LLC now owns 16,306 shares of the construction company’s stock worth $874,000 after acquiring an additional 5,965 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Century Communities by 3.2% during the first quarter. Rhumbline Advisers now owns 76,119 shares of the construction company’s stock worth $4,078,000 after purchasing an additional 2,381 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

About Century Communities

(Get Free Report)

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.

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