Century Communities, Inc. (NYSE:CCS) Stake Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Century Communities, Inc. (NYSE:CCS – Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,168 shares of the construction company’s stock after selling 500 shares during the period. New York State Teachers Retirement System owned 0.05% of Century Communities worth $1,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Century Communities by 2.4% during the 1st quarter. BlackRock Inc. now owns 5,029,717 shares of the construction company’s stock valued at $321,499,000 after acquiring an additional 118,079 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Century Communities by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,612,489 shares of the construction company’s stock valued at $166,985,000 after purchasing an additional 143,953 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Century Communities by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,167,858 shares of the construction company’s stock valued at $116,132,000 after purchasing an additional 39,505 shares during the last quarter. State Street Corp lifted its stake in shares of Century Communities by 5.9% in the 1st quarter. State Street Corp now owns 1,313,759 shares of the construction company’s stock valued at $70,378,000 after purchasing an additional 72,801 shares during the last quarter. Finally, Jennison Associates LLC lifted its stake in shares of Century Communities by 1.3% in the 1st quarter. Jennison Associates LLC now owns 997,554 shares of the construction company’s stock valued at $63,764,000 after purchasing an additional 12,828 shares during the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

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Century Communities Stock Down 0.1 %

Century Communities stock opened at $59.54 on Wednesday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 6.23 and a beta of 1.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.52 and a quick ratio of 1.52. Century Communities, Inc. has a fifty-two week low of $40.26 and a fifty-two week high of $82.70. The firm has a fifty day moving average price of $67.66 and a two-hundred day moving average price of $69.28.

Century Communities (NYSE:CCS – Get Free Report) last released its earnings results on Wednesday, July 26th. The construction company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.64. The firm had revenue of $818.36 million during the quarter, compared to analyst estimates of $718.45 million. Century Communities had a net margin of 7.87% and a return on equity of 14.70%. The business’s revenue was down 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.78 EPS. As a group, analysts forecast that Century Communities, Inc. will post 6.43 earnings per share for the current year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.92 annualized dividend and a dividend yield of 1.55%. Century Communities’s payout ratio is 9.63%.

Wall Street Analysts Forecast Growth

CCS has been the subject of several analyst reports. B. Riley lifted their price objective on shares of Century Communities from $82.00 to $92.00 in a research note on Thursday, July 27th. StockNews.com initiated coverage on shares of Century Communities in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $89.00 price objective on shares of Century Communities in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.33.

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About Century Communities

(Free Report)

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.

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