Century Communities (NYSE:CCS) Experiences a New 52-Week Low: What You Need to Know

On January 5, 2025, Century Communities, Inc. (NYSE:CCS) saw its stock price fall to a new 52-week low during trading hours. The stock reached a low of $71.86 before last trading at $73.10, with a total trading volume of 42,493 shares. The previous closing price for the stock was $72.68.

Recent Changes in Analyst Ratings

In light of the recent performance, a number of analysts have reviewed their ratings for Century Communities. StockNews.com downgraded the rating of Century Communities from "hold" to "sell" in a report released on December 5. Meanwhile, B. Riley reaffirmed a "buy" rating, adjusting its target price for the stock upward from $113.00 to $119.00 in a report on October 24. Additionally, Wedbush increased their target price from $90.00 to $96.00 and maintained a "neutral" rating in the same report. On December 13, JPMorgan Chase & Co. upgraded Century Communities from an "underweight" to a "neutral" rating, although they reduced their target price from $110.00 to $97.00.

Current Trading Statistics

Century Communities has a market capitalization of $2.27 billion, a price-to-earnings (P/E) ratio of 7.23, and a beta value of 1.91. The stock is currently trading below its 50-day simple moving average of $84.54 and its 200-day simple moving average of $91.08. Financial ratios show a current ratio of 0.63, a quick ratio of 0.63, and a debt-to-equity ratio of 0.44.

Earnings Report Highlights

The last quarterly earnings results for Century Communities were announced on October 23. The company reported earnings of $2.72 per share, which exceeded the consensus estimate of $2.56 by $0.16. The firm's net margin stands at 7.44%, with a return on equity rate of 13.79%. Revenue for the quarter was $1.10 billion, matching analysts' expectations. This revenue represents a year-over-year increase of 23.7% compared to the same period last year when it reported earnings of $2.58 per share. Analysts project that Century Communities will achieve an annual earnings per share (EPS) of 10.95 for the current fiscal year.

Dividend Announcement

Century Communities also recently declared a quarterly dividend, which was paid to shareholders on December 11. Shareholders who were on record as of November 27 received a dividend of $0.26, translating to an annualized dividend of $1.04 and a dividend yield of 1.43%. The ex-dividend date was also November 27, and the company's payout ratio is reported at 10.37%.

Institutional Investor Activity

Large institutional investors have shown varying interest in Century Communities recently. Point72 Hong Kong Ltd acquired a new stake in the company valued around $51,000 in the third quarter. Meanwhile, GAMMA Investing LLC boosted its position by 37.6%, now owning 1,050 shares valued at approximately $108,000 after purchasing an additional 287 shares. Signaturefd LLC also increased its holdings by 14.1%, now totaling 1,299 shares worth $134,000. Daiwa Securities Group Inc. and ZWJ Investment Counsel Inc. have also made new investments in the company, contributing to a total of approximately 99.54% institutional ownership.

About Century Communities

Century Communities, Inc. engages in multiple aspects of the housing sector, focusing on the design, development, construction, marketing, and sale of single-family attached and detached homes. They also handle land entitlement and development and provide mortgage, title, and insurance services to homebuyers.

Century, Communities, Stocks