Century Communities, Inc. (NYSE:CCS – Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-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.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on CCS shares. Wall Street Zen lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Zacks Research lowered shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 28th. B. Riley Financial lowered shares of Century Communities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $75.00 to $64.00 in a research note on Thursday, April 23rd. Weiss Ratings lowered shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Century Communities currently has an average rating of “Reduce” and an average price target of $67.00.
Read Our Latest Stock Report on CCS
Century Communities Trading Up 3.9%
Century Communities (NYSE:CCS – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.61 by $0.27. The firm had revenue of $789.67 million for the quarter, compared to analyst estimates of $961.12 million. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The business’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.36 EPS. On average, sell-side analysts forecast that Century Communities, Inc. will post 3.84 EPS for the current fiscal year.
Century Communities Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, May 27th. Century Communities’s payout ratio is presently 28.83%.
Institutional Trading of Century Communities
Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of Century Communities by 207.6% during the 4th quarter. Parallel Advisors LLC now owns 609 shares of the construction company’s stock valued at $36,000 after buying an additional 411 shares during the period. EverSource Wealth Advisors LLC raised its position in Century Communities by 175.5% in the second quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock valued at $41,000 after purchasing an additional 465 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Century Communities in the fourth quarter valued at approximately $70,000. Jones Financial Companies Lllp raised its position in Century Communities by 1,513.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,135 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Century Communities in the first quarter valued at approximately $81,000. Hedge funds and other institutional investors 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.
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