Century Communities, Inc. (NYSE:CCS) Holdings Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in Century Communities, Inc. (NYSE:CCS) by 30.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,438 shares of the construction company’s stock after selling 3,711 shares during the quarter. Teacher Retirement System of Texas’ holdings in Century Communities were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Century Communities by 60.3% during the first quarter. GAMMA Investing LLC now owns 1,579 shares of the construction company’s stock valued at $106,000 after acquiring an additional 594 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Century Communities during the first quarter valued at approximately $423,000. SG Americas Securities LLC acquired a new position in shares of Century Communities during the first quarter valued at approximately $982,000. Allspring Global Investments Holdings LLC grew its position in Century Communities by 6.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 50,098 shares of the construction company’s stock worth $3,364,000 after buying an additional 3,036 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Century Communities by 806.7% in the first quarter. Assenagon Asset Management S.A. now owns 127,902 shares of the construction company’s stock worth $8,582,000 after buying an additional 113,796 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Insider Activity at Century Communities

In related news, Director Elisa Z. Ramirez acquired 1,500 shares of the business’s stock in a transaction dated Monday, April 28th. The stock was acquired at an average price of $53.86 per share, with a total value of $80,790.00. Following the completion of the transaction, the director owned 8,481 shares of the company’s stock, valued at approximately $456,786.66. This represents a 21.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 2,400 shares of company stock worth $130,426 over the last three months. 11.90% of the stock is currently owned by corporate insiders.

Century Communities Trading Up 2.6%

Shares of NYSE:CCS opened at $59.27 on Thursday. The stock has a market capitalization of $1.81 billion, a PE ratio of 6.14 and a beta of 1.44. Century Communities, Inc. has a 1 year low of $50.42 and a 1 year high of $108.42. The firm has a fifty day moving average price of $55.50 and a 200 day moving average price of $63.88. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.43.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.38). Century Communities had a net margin of 7.10% and a return on equity of 12.80%. The firm had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. During the same quarter last year, the company earned $2.22 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. Analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Wednesday, May 28th. Century Communities’s dividend payout ratio is currently 12.01%.

Analyst Ratings Changes

Several equities analysts have weighed in on CCS shares. Wedbush lowered their price objective on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. B. Riley started coverage on shares of Century Communities in a research report on Monday, June 30th. They set a “buy” rating and a $70.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.00.

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.