State of New Jersey Common Pension Fund D Purchases 8,829 Shares of Century Communities, Inc. $CCS

State of New Jersey Common Pension Fund D boosted its position in Century Communities, Inc. (NYSE:CCS) by 32.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,199 shares of the construction company’s stock after purchasing an additional 8,829 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.12% of Century Communities worth $2,039,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sigma Planning Corp boosted its stake in Century Communities by 4.2% in the 1st quarter. Sigma Planning Corp now owns 4,925 shares of the construction company’s stock valued at $330,000 after purchasing an additional 200 shares during the period. US Bancorp DE boosted its stake in Century Communities by 142.3% in the 1st quarter. US Bancorp DE now owns 395 shares of the construction company’s stock valued at $27,000 after purchasing an additional 232 shares during the period. Benjamin Edwards Inc. boosted its stake in Century Communities by 4.7% in the 1st quarter. Benjamin Edwards Inc. now owns 5,878 shares of the construction company’s stock valued at $394,000 after purchasing an additional 266 shares during the period. GAMMA Investing LLC boosted its stake in Century Communities by 17.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company’s stock valued at $104,000 after purchasing an additional 275 shares during the period. Finally, Boston Partners boosted its stake in Century Communities by 3.5% in the 1st quarter. Boston Partners now owns 9,171 shares of the construction company’s stock valued at $615,000 after purchasing an additional 314 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

Century Communities stock opened at $61.11 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.54 and a current ratio of 0.54. Century Communities, Inc. has a 52 week low of $50.42 and a 52 week high of $95.76. The stock has a market capitalization of $1.80 billion, a P/E ratio of 8.92 and a beta of 1.55. The stock has a fifty day moving average of $63.92 and a 200-day moving average of $59.59.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.66. Century Communities had a return on equity of 9.36% and a net margin of 5.16%.The company had revenue of $980.28 million during the quarter, compared to analysts’ expectations of $906.10 million. During the same quarter in the previous year, the firm earned $2.77 EPS. Century Communities’s revenue was down 13.8% on a year-over-year basis. On average, sell-side analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis 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 16.93%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CCS. Wall Street Zen upgraded Century Communities from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Zacks Research upgraded Century Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.00.

Century Communities Company 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.