State of New Jersey Common Pension Fund D Reduces Stock Holdings in Century Communities, Inc. (NYSE:CCS)

State of New Jersey Common Pension Fund D lowered its position in Century Communities, Inc. (NYSE:CCS) by 32.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,703 shares of the construction company’s stock after selling 10,868 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Century Communities worth $1,854,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Covestor Ltd increased its position in shares of Century Communities by 95.0% in the first quarter. Covestor Ltd now owns 273 shares of the construction company’s stock valued at $26,000 after buying an additional 133 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Century Communities in the first quarter valued at $57,000. GAMMA Investing LLC increased its position in shares of Century Communities by 42.5% in the first quarter. GAMMA Investing LLC now owns 906 shares of the construction company’s stock valued at $87,000 after buying an additional 270 shares in the last quarter. Signaturefd LLC increased its position in shares of Century Communities by 11.2% in the second quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock valued at $93,000 after buying an additional 115 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Century Communities in the second quarter valued at $162,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CCS. B. Riley lifted their price objective on Century Communities from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Wedbush lifted their price objective on Century Communities from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th.

Century Communities Trading Down 0.3 %

Century Communities stock opened at $102.97 on Tuesday. The stock has a market cap of $3.27 billion, a PE ratio of 11.43 and a beta of 1.86. The stock has a 50-day moving average price of $97.88 and a 200 day moving average price of $89.11. Century Communities, Inc. has a 52 week low of $58.01 and a 52 week high of $108.42. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, July 24th. The construction company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.46 by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Century Communities had a return on equity of 14.00% and a net margin of 7.90%. The firm’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.60 EPS. Equities research analysts predict that Century Communities, Inc. will post 10.98 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 28th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.01%. The ex-dividend date was Wednesday, August 28th. Century Communities’s dividend payout ratio (DPR) is 11.54%.

Insider Buying and Selling at Century Communities

In other Century Communities news, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the sale, the chief executive officer now owns 477,931 shares in the company, valued at approximately $44,275,527.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John P. Box sold 11,282 shares of Century Communities stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.07, for a total value of $1,128,989.74. Following the transaction, the director now directly owns 45,127 shares of the company’s stock, valued at approximately $4,515,858.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of Century Communities stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $92.64, for a total value of $4,632,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. The disclosure for this sale can be found here. 11.90% of the stock is owned by company insiders.

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.