Century Communities, Inc. (NYSE:CCS – Get Free Report) traded down 4% during mid-day trading on Tuesday . The company traded as low as $86.00 and last traded at $86.29. 202,378 shares were traded during mid-day trading, a decline of 10% from the average session volume of 224,946 shares. The stock had previously closed at $89.88.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. B. Riley upped their target price on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Wedbush increased their price target on Century Communities from $81.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st.
Century Communities Price Performance
The firm has a 50-day simple moving average of $84.98 and a two-hundred day simple moving average of $74.86. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 10.68 and a beta of 1.72. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.45.
Century Communities Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Tuesday, November 28th. Century Communities’s dividend payout ratio (DPR) is presently 11.43%.
Institutional Investors Weigh In On Century Communities
A number of institutional investors have recently modified their holdings of the business. SummerHaven Investment Management LLC lifted its stake in Century Communities by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 9,457 shares of the construction company’s stock worth $862,000 after purchasing an additional 128 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Century Communities by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,426 shares of the construction company’s stock worth $875,000 after purchasing an additional 148 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Century Communities by 1.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,142 shares of the construction company’s stock worth $924,000 after purchasing an additional 170 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Century Communities by 1.2% in the 2nd quarter. MetLife Investment Management LLC now owns 15,006 shares of the construction company’s stock worth $1,150,000 after purchasing an additional 174 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Century Communities by 4.8% in the 4th quarter. M&T Bank Corp now owns 4,084 shares of the construction company’s stock worth $372,000 after purchasing an additional 188 shares in the last quarter. 88.31% of the stock is currently owned by institutional investors and hedge funds.
About Century Communities
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.