Arizona State Retirement System Sells 150 Shares of Century Communities, Inc. (NYSE:CCS)

Arizona State Retirement System lessened its stake in Century Communities, Inc. (NYSE:CCS) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 8,056 shares of the construction company’s stock after selling 150 shares during the period. Arizona State Retirement System’s holdings in Century Communities were worth $734,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. NBC Securities Inc. bought a new stake in Century Communities in the 3rd quarter worth about $33,000. Quantbot Technologies LP bought a new position in shares of Century Communities in the third quarter valued at approximately $59,000. Benjamin Edwards Inc. increased its position in shares of Century Communities by 77.4% during the second quarter. Benjamin Edwards Inc. now owns 1,471 shares of the construction company’s stock valued at $113,000 after acquiring an additional 642 shares during the last quarter. Alpha Paradigm Partners LLC bought a new stake in Century Communities during the third quarter worth $120,000. Finally, State of Wyoming boosted its position in Century Communities by 8.6% in the fourth quarter. State of Wyoming now owns 2,596 shares of the construction company’s stock worth $130,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCS. B. Riley raised 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 restated an “underperform” rating and set a $82.00 price objective (down previously from $92.00) on shares of Century Communities in a report on Tuesday, April 2nd.

Century Communities Stock Down 0.7 %

NYSE:CCS opened at $78.78 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.46 and a quick ratio of 1.46. The firm’s 50-day moving average price is $87.31 and its 200-day moving average price is $80.31. The company has a market capitalization of $2.50 billion, a PE ratio of 9.79 and a beta of 1.71. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $97.92.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, topping 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $915.91 million. On average, equities analysts predict that Century Communities, Inc. will post 10.06 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed 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. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Tuesday, February 27th. 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%.

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.