State of Alaska Department of Revenue Raises Stock Holdings in Century Communities, Inc. $CCS

State of Alaska Department of Revenue lifted its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,008 shares of the construction company’s stock after purchasing an additional 911 shares during the quarter. State of Alaska Department of Revenue owned 0.05% of Century Communities worth $900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sigma Planning Corp grew its holdings in shares of Century Communities by 4.2% during the first quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock worth $330,000 after purchasing an additional 200 shares in the last quarter. US Bancorp DE lifted its position in Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock worth $27,000 after buying an additional 232 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Century Communities by 4.7% in the 1st quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock worth $394,000 after buying an additional 266 shares during the last quarter. GAMMA Investing LLC lifted its position in Century Communities by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock worth $104,000 after buying an additional 275 shares during the last quarter. Finally, Boston Partners lifted its position in Century Communities by 3.5% in the 1st quarter. Boston Partners now owns 9,171 shares of the construction company’s stock worth $615,000 after buying an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research report on Saturday, September 27th. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, B. Riley assumed coverage on Century Communities in a research report on Monday, June 30th. They issued a “buy” rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Century Communities presently has an average rating of “Hold” and an average target price of $85.00.

Century Communities Price Performance

Shares of Century Communities stock opened at $61.78 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.83 billion, a PE ratio of 7.54 and a beta of 1.55. The business has a 50 day moving average of $64.23 and a 200 day moving average of $60.06. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $104.21.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, July 23rd. The construction company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $910.70 million. Century Communities had a return on equity of 10.99% and a net margin of 6.03%.The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.65 earnings per share. As a group, equities research analysts forecast that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 27th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, August 27th. Century Communities’s dividend payout ratio is presently 14.16%.

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.