Century Communities, Inc. (NYSE:CCS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,179 shares of the construction company’s stock after selling 210 shares during the quarter. New York State Teachers Retirement System’s holdings in Century Communities were worth $1,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in Century Communities by 11.2% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the construction company’s stock worth $93,000 after buying an additional 115 shares in the last quarter. Covestor Ltd lifted its holdings in Century Communities by 95.0% during the 1st quarter. Covestor Ltd now owns 273 shares of the construction company’s stock worth $26,000 after buying an additional 133 shares in the last quarter. Arizona State Retirement System lifted its holdings in Century Communities by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 8,006 shares of the construction company’s stock worth $654,000 after buying an additional 147 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Century Communities by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,831 shares of the construction company’s stock worth $231,000 after buying an additional 172 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in Century Communities by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 9,752 shares of the construction company’s stock worth $796,000 after buying an additional 186 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Century Communities

In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The shares were 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 $4,515,858.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director John P. Box sold 11,282 shares of the stock in a transaction on Friday, August 30th. The shares were 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 $4,515,858.89. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert J. Francescon sold 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $92.64, for a total transaction of $4,632,000.00. Following the transaction, the chief executive officer now directly owns 477,931 shares in the company, valued at $44,275,527.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Century Communities Trading Up 0.9 %

Shares of NYSE:CCS opened at $90.32 on Friday. Century Communities, Inc. has a 52 week low of $67.49 and a 52 week high of $108.42. The company’s 50 day moving average is $97.40 and its two-hundred day moving average is $91.13. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.83 billion, a PE ratio of 9.00 and a beta of 1.87.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, October 23rd. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 EPS. Equities analysts predict that Century Communities, Inc. will post 10.88 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 27th. Century Communities’s dividend payout ratio (DPR) is 10.37%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCS shares. B. Riley reiterated a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a report on Thursday, October 24th. Wedbush increased their price objective on shares of Century Communities from $90.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Century Communities from a “hold” rating to a “sell” rating in a research 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.