Century Communities (NYSE:CCS) Reaches New 52-Week Low – An Overview

On January 5, 2025, Century Communities, Inc. (NYSE:CCS) saw its stock price drop to a new 52-week low during trading, hitting $71.86 before stabilizing at $73.10. A total of 42,493 shares changed hands, while the previous close was registered at $72.68.

Recent Analyst Opinions

Several analysts have recently updated their ratings on Century Communities. StockNews.com downgraded the company from a “hold” to a “sell” rating in a note released on December 5. Meanwhile, B. Riley maintained a “buy” rating but increased their target price for the stock to $119.00 from a previous $113.00 in a report dated October 24. Additionally, Wedbush raised their target from $90.00 to $96.00 while issuing a “neutral” rating on the same day. Furthermore, JPMorgan Chase upgraded Century Communities from “underweight” to “neutral” on December 13, while also reducing their price target from $110.00 to $97.00.

Stock Performance and Metrics

The market capitalization of Century Communities stands at approximately $2.27 billion. The stock has a price-to-earnings (P/E) ratio of 7.23 and a beta of 1.91, indicating higher volatility compared to the market. Over the past 50 days, the simple moving average for the stock was recorded at $84.54, with a 200-day moving average of $91.08. The current ratios are measured at 0.63 for both current and quick ratios, and the company has a debt-to-equity ratio of 0.44.

Quarterly Earnings Report

Century Communities released its latest quarterly earnings on October 23, reporting earnings of $2.72 per share, slightly exceeding the consensus estimate of $2.56 per share. The company achieved a net margin of 7.44% and a return on equity of 13.79%. Revenue for the quarter reached $1.10 billion, aligning with analyst expectations and reflecting a year-on-year increase of 23.7%. Analysts are projecting Century Communities to achieve earnings of $10.95 per share for the current fiscal year.

Dividend Declaration

On December 11, Century Communities announced a quarterly dividend distribution of $0.26 per share for shareholders on record as of November 27. This translates to an annualized dividend rate of $1.04, resulting in a yield of 1.43%. The ex-dividend date was also noted as November 27, with a payout ratio of 10.37%.

Institutional Investor Activity

Recent activity from institutional investors reveals changes in their holdings of Century Communities. Point72 Hong Kong Ltd acquired a new stake worth around $51,000 in the third quarter. GAMMA Investing LLC bolstered its position by 37.6%, adding an additional 287 shares, which brings their total to 1,050 shares worth approximately $108,000. Signaturefd LLC also increased its stake by 14.1%, owning 1,299 shares valued at $134,000 after purchasing 161 shares during the same period. Other notable investors include Daiwa Securities Group Inc. and ZWJ Investment Counsel Inc., who also added new positions worth $144,000 and $217,000, respectively. In total, institutional investors control 99.54% of Century Communities' stock.

Company Overview

Century Communities, Inc. specializes in the design, development, construction, marketing, and sale of both attached and detached single-family homes. The company also handles the entitlement and development of the land for these properties and offers mortgage, title, and insurance services to their homebuyers.

Future Insights

The stock market is dynamic, and investors should keep an eye on Century Communities as it continues to navigate through recent ratings changes and its current trading position. Understanding the performance metrics, earnings reports, and institutional investment trends can provide valuable insights for potential investors.

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