New York State Teachers Retirement System Reduces Stock Position in Century Communities, Inc. (NYSE:CCS)

New York State Teachers Retirement System decreased its position in shares of Century Communities, Inc. (NYSE:CCS) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,968 shares of the construction company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Century Communities were worth $1,364,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in Century Communities by 2.4% during the first quarter. BlackRock Inc. now owns 5,029,717 shares of the construction company’s stock worth $321,499,000 after purchasing an additional 118,079 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Century Communities by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,167,858 shares of the construction company’s stock worth $116,132,000 after buying an additional 39,505 shares during the last quarter. State Street Corp raised its stake in shares of Century Communities by 5.9% during the 1st quarter. State Street Corp now owns 1,313,759 shares of the construction company’s stock worth $70,378,000 after buying an additional 72,801 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Century Communities by 17.3% in the 3rd quarter. Jennison Associates LLC now owns 1,114,466 shares of the construction company’s stock worth $74,424,000 after buying an additional 164,478 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Century Communities by 21.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock valued at $94,423,000 after acquiring an additional 180,095 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Down 1.6 %

Shares of NYSE:CCS opened at $79.30 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.52 billion, a P/E ratio of 9.85 and a beta of 1.71. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $97.92. The stock’s fifty day simple moving average is $87.48 and its 200-day simple moving average is $80.32.

Century Communities (NYSE:CCS) last released its earnings results on Wednesday, January 31st. The construction company reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.66. Century Communities had a net margin of 7.02% and a return on equity of 11.57%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $915.91 million. As a group, equities research analysts forecast that Century Communities, Inc. will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio (DPR) is 12.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wedbush restated an “underperform” rating and set a $82.00 target price (down previously from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd. B. Riley raised their price objective on shares of Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st.

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.