Century Communities, Inc. $CCS Shares Acquired by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of Century Communities, Inc. (NYSE:CCS) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,759 shares of the construction company’s stock after purchasing an additional 9,161 shares during the quarter. Public Sector Pension Investment Board owned 0.34% of Century Communities worth $6,385,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CCS. Lazard Asset Management LLC lifted its position in shares of Century Communities by 7.8% in the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock worth $134,000 after buying an additional 173 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Century Communities by 8.0% during the third quarter. Nisa Investment Advisors LLC now owns 2,502 shares of the construction company’s stock worth $159,000 after acquiring an additional 185 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Century Communities by 4.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,917 shares of the construction company’s stock worth $312,000 after acquiring an additional 191 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Century Communities by 4.1% in the second quarter. Citizens Financial Group Inc. RI now owns 8,414 shares of the construction company’s stock worth $474,000 after acquiring an additional 329 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Century Communities by 5.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,902 shares of the construction company’s stock valued at $389,000 after acquiring an additional 382 shares during the period. Institutional investors own 99.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CCS shares. Citizens Jmp started coverage on Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price target on the stock. B. Riley Financial restated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. JPMorgan Chase & Co. reduced their price target on shares of Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a report on Monday, February 2nd. Finally, Citigroup began coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Century Communities has an average rating of “Hold” and a consensus price target of $74.75.

Insider Buying and Selling

In other Century Communities news, Chairman Dale Francescon sold 100,100 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total transaction of $7,251,244.00. Following the completion of the transaction, the chairman directly owned 561,662 shares of the company’s stock, valued at approximately $40,686,795.28. This trade represents a 15.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is currently owned by insiders.

Century Communities Price Performance

Shares of CCS opened at $73.18 on Thursday. Century Communities, Inc. has a one year low of $50.42 and a one year high of $76.00. The stock’s fifty day moving average is $65.03 and its 200-day moving average is $63.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 15.06 and a beta of 1.58.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.20. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm posted $3.54 EPS. Century Communities’s revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.32 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, February 25th. Century Communities’s dividend payout ratio (DPR) is 23.87%.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.