New York State Teachers Retirement System Trims Stock Holdings in Century Communities, Inc. (NYSE:CCS)

New York State Teachers Retirement System reduced its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,968 shares of the construction company’s stock after selling 500 shares during the period. New York State Teachers Retirement System’s holdings in Century Communities were worth $1,364,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. NBC Securities Inc. bought a new position in Century Communities in the 3rd quarter worth about $33,000. Quantbot Technologies LP purchased a new stake in shares of Century Communities in the third quarter valued at approximately $59,000. Benjamin Edwards Inc. grew its stake in Century Communities by 77.4% in the second quarter. Benjamin Edwards Inc. now owns 1,471 shares of the construction company’s stock worth $113,000 after purchasing an additional 642 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Century Communities by 13.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,743 shares of the construction company’s stock worth $134,000 after purchasing an additional 204 shares during the period. Finally, State of Wyoming raised its position in Century Communities by 28.9% during the 2nd quarter. State of Wyoming now owns 1,978 shares of the construction company’s stock valued at $152,000 after purchasing an additional 444 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Down 1.6 %

Century Communities stock opened at $79.30 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.52 billion, a P/E ratio of 9.85 and a beta of 1.71. The business has a fifty day moving average of $87.48 and a two-hundred day moving average of $80.32. Century Communities, Inc. has a twelve month low of $58.01 and a twelve month high of $97.92.

Century Communities (NYSE:CCS) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.66. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $915.91 million. On average, analysts forecast that Century Communities, Inc. will post 10.06 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 28th were issued a $0.26 dividend. This is a boost from Century Communities’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, February 27th. Century Communities’s dividend payout ratio (DPR) is currently 12.92%.

Analyst Upgrades and Downgrades

CCS has been the topic of a number of recent research reports. B. Riley increased their price target on Century Communities from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Wedbush reissued an “underperform” rating and set a $82.00 target price (down previously from $92.00) on shares of Century Communities in a research report on Tuesday, April 2nd.

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.