New York State Common Retirement Fund Has $4.58 Million Holdings in Century Communities, Inc. (NYSE:CCS)

New York State Common Retirement Fund increased its stake in Century Communities, Inc. (NYSE:CCS) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 50,239 shares of the construction company’s stock after purchasing an additional 1,858 shares during the quarter. New York State Common Retirement Fund’s holdings in Century Communities were worth $4,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCS. Raymond James & Associates boosted its stake in Century Communities by 8.5% in the 3rd quarter. Raymond James & Associates now owns 30,539 shares of the construction company’s stock worth $2,039,000 after purchasing an additional 2,380 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Century Communities by 15.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,614 shares of the construction company’s stock worth $442,000 after purchasing an additional 875 shares during the period. TD Asset Management Inc acquired a new position in Century Communities in the 3rd quarter worth $200,000. Jennison Associates LLC boosted its stake in 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 purchasing an additional 164,478 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in Century Communities by 400.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 15,901 shares of the construction company’s stock worth $1,062,000 after purchasing an additional 12,721 shares during the period. 99.54% of the stock is owned by institutional investors and hedge funds.

Century Communities Trading Up 1.7 %

Century Communities stock opened at $83.27 on Friday. The firm has a 50-day moving average of $85.85 and a 200-day moving average of $81.79. Century Communities, Inc. has a one year low of $58.01 and a one year high of $97.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 9.24 and a beta of 1.76.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. The company had revenue of $948.54 million during the quarter, compared to the consensus estimate of $791.67 million. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. On average, equities analysts expect that Century Communities, Inc. will post 10.36 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. Stockholders of record on Wednesday, February 28th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. Century Communities’s dividend payout ratio is presently 11.54%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wedbush restated an “underperform” rating and set a $82.00 price objective on shares of Century Communities in a research note on Thursday, April 25th. B. Riley increased 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.

Century Communities Profile

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.