Century Communities (NYSE:CCS) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Century Communities, Inc. (NYSE:CCS)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $56.17 and traded as high as $61.52. Century Communities shares last traded at $60.1190, with a volume of 340,058 shares.

Analyst Upgrades and Downgrades

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

Century Communities Stock Down 0.9%

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.54 and a beta of 1.34. The firm has a fifty day moving average price of $56.17 and a 200 day moving average price of $61.01.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 6.24% and a net margin of 3.31%.Century Communities’s quarterly revenue was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.36 earnings per share. As a group, sell-side analysts expect that Century Communities, Inc. will post 3.84 EPS for the current fiscal year.

Century Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. Century Communities’s dividend payout ratio is 28.83%.

Hedge Funds Weigh In On Century Communities

A number of large investors have recently made changes to their positions in CCS. Royal Bank of Canada boosted its holdings in Century Communities by 6.5% during the first quarter. Royal Bank of Canada now owns 14,837 shares of the construction company’s stock worth $995,000 after buying an additional 910 shares in the last quarter. AQR Capital Management LLC grew its position in Century Communities by 138.0% during the first quarter. AQR Capital Management LLC now owns 71,831 shares of the construction company’s stock worth $4,820,000 after buying an additional 41,653 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Century Communities by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,429 shares of the construction company’s stock valued at $1,102,000 after buying an additional 529 shares in the last quarter. Jones Financial Companies Lllp increased its holdings 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 buying an additional 1,135 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Century Communities by 16.7% during the 1st quarter. Intech Investment Management LLC now owns 21,096 shares of the construction company’s stock valued at $1,416,000 after acquiring an additional 3,026 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

About Century Communities

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.