Illinois Municipal Retirement Fund Sells 1,186 Shares of Century Communities, Inc. (NYSE:CCS)

Illinois Municipal Retirement Fund reduced its stake in Century Communities, Inc. (NYSE:CCS) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 15,945 shares of the construction company’s stock after selling 1,186 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Century Communities were worth $1,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. bought a new stake in Century Communities in the third quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new position in shares of Century Communities during the fourth quarter valued at about $36,000. Quantbot Technologies LP acquired a new position in shares of Century Communities during the third quarter valued at about $59,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Century Communities during the fourth quarter valued at about $107,000. Finally, TD Asset Management Inc acquired a new position in shares of Century Communities during the third quarter valued at about $200,000. 99.54% of the stock is owned by institutional investors.

Century Communities Stock Up 0.6 %

CCS opened at $78.82 on Friday. 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 stock has a market cap of $2.50 billion, a price-to-earnings ratio of 8.75 and a beta of 1.71. Century Communities, Inc. has a twelve month low of $58.01 and a twelve month high of $97.92. The company’s 50-day moving average price is $86.39 and its two-hundred day moving average price is $81.02.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.67. Century Communities had a net margin of 7.47% and a return on equity of 13.06%. The company had revenue of $948.54 million for the quarter, compared to analyst estimates of $791.67 million. As a group, equities analysts expect that Century Communities, Inc. will post 10.06 earnings per share for the current year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, February 27th. This is a positive change from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s dividend payout ratio is 11.54%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. B. Riley lifted their price objective on shares of Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Wedbush reiterated an “underperform” rating and set a $82.00 price objective on shares of Century Communities in a report on Thursday.

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.