State of Alaska Department of Revenue Has $1.66 Million Stock Holdings in Century Communities, Inc. (NYSE:CCS)

State of Alaska Department of Revenue lowered its stake in Century Communities, Inc. (NYSE:CCSFree Report) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,228 shares of the construction company’s stock after selling 170 shares during the period. State of Alaska Department of Revenue owned 0.05% of Century Communities worth $1,662,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CCS. Qube Research & Technologies Ltd boosted its position in Century Communities by 283.4% in the third quarter. Qube Research & Technologies Ltd now owns 32,119 shares of the construction company’s stock valued at $2,145,000 after buying an additional 23,742 shares in the last quarter. Toroso Investments LLC lifted its holdings in shares of Century Communities by 6.4% during the third quarter. Toroso Investments LLC now owns 21,929 shares of the construction company’s stock worth $1,464,000 after purchasing an additional 1,310 shares during the period. Tudor Investment Corp Et Al lifted its holdings in shares of Century Communities by 275.8% during the third quarter. Tudor Investment Corp Et Al now owns 73,705 shares of the construction company’s stock worth $4,922,000 after purchasing an additional 54,093 shares during the period. American Century Companies Inc. lifted its holdings in shares of Century Communities by 33.1% during the third quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock worth $26,332,000 after purchasing an additional 97,953 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Century Communities by 5.7% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 29,615 shares of the construction company’s stock worth $1,978,000 after purchasing an additional 1,603 shares during the period. Institutional investors and hedge funds own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush upgraded shares of Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 price target on the stock in a report on Friday, May 31st.

Check Out Our Latest Stock Analysis on CCS

Century Communities Price Performance

Shares of NYSE:CCS opened at $79.63 on Tuesday. The firm has a market cap of $2.53 billion, a PE ratio of 8.82 and a beta of 1.86. The firm’s fifty day moving average is $82.53 and its 200-day moving average is $85.53. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.20. Century Communities, Inc. has a 52 week low of $58.01 and a 52 week high of $97.92.

Century Communities (NYSE:CCSGet Free Report) last announced its earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a net margin of 7.47% and a return on equity of 12.90%. The business had revenue of $948.54 million during the quarter, compared to the consensus estimate of $791.67 million. Sell-side analysts predict that Century Communities, Inc. will post 10.36 earnings per share for the current year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Wednesday, May 29th. Century Communities’s dividend payout ratio is presently 11.54%.

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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Institutional Ownership by Quarter for Century Communities (NYSE:CCS)

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