Century Communities, Inc. (NYSE:CCS – Get Rating)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $46.84, but opened at $45.90. Century Communities shares last traded at $45.90, with a volume of 100 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CCS shares. JPMorgan Chase & Co. lowered shares of Century Communities from an "overweight" rating to an "underweight" rating and boosted their price target for the company from $47.50 to $48.00 in a research report on Tuesday, November 22nd. Wedbush reduced their price target on shares of Century Communities from $94.00 to $79.00 and set an "outperform" rating for the company in a research report on Monday, October 10th. BTIG Research started coverage on shares of Century Communities in a research report on Tuesday. They set a "neutral" rating for the company. B. Riley lowered shares of Century Communities from a "buy" rating to a "neutral" rating and reduced their price target for the company from $54.00 to $44.00 in a research report on Thursday, October 27th. Finally, StockNews.com started coverage on shares of Century Communities in a research report on Wednesday, October 12th. They set a "hold" rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $55.75.

Century Communities Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $1.65 billion, a P/E ratio of 2.85 and a beta of 1.74. The firm's 50 day simple moving average is $45.20 and its two-hundred day simple moving average is $47.62.

Century Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 14th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Tuesday, November 29th. Century Communities's dividend payout ratio (DPR) is 4.40%.

Hedge Funds Weigh In On Century Communities

Several hedge funds and other institutional investors have recently modified their holdings of CCS. Exchange Traded Concepts LLC lifted its stake in shares of Century Communities by 1.7% in the second quarter. Exchange Traded Concepts LLC now owns 12,163 shares of the construction company's stock worth $547,000 after buying an additional 199 shares in the last quarter. Corton Capital Inc. lifted its position in Century Communities by 4.9% during the second quarter. Corton Capital Inc. now owns 5,158 shares of the construction company's stock valued at $232,000 after purchasing an additional 243 shares during the period. M&T Bank Corp lifted its position in Century Communities by 2.7% during the second quarter. M&T Bank Corp now owns 9,316 shares of the construction company's stock valued at $417,000 after purchasing an additional 248 shares during the period. Belpointe Asset Management LLC lifted its position in Century Communities by 3.0% during the third quarter. Belpointe Asset Management LLC now owns 11,817 shares of the construction company's stock valued at $506,000 after purchasing an additional 341 shares during the period. Finally, Money Concepts Capital Corp lifted its position in Century Communities by 9.1% during the third quarter. Money Concepts Capital Corp now owns 4,172 shares of the construction company's stock valued at $178,000 after purchasing an additional 349 shares during the period. 88.48% of the stock is owned by institutional investors.

Century Communities Company Profile

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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 home buyers.

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