New York State Teachers Retirement System Increases Stake in Century Communities, Inc. (NYSE:CCS)

New York State Teachers Retirement System grew its position in Century Communities, Inc. (NYSE:CCS) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,854 shares of the construction company’s stock after acquiring an additional 2,675 shares during the quarter. New York State Teachers Retirement System’s holdings in Century Communities were worth $1,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of Century Communities by 14.1% in the third quarter. Signaturefd LLC now owns 1,299 shares of the construction company’s stock worth $134,000 after purchasing an additional 161 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Century Communities by 3.6% in the third quarter. Harbor Capital Advisors Inc. now owns 9,279 shares of the construction company’s stock worth $956,000 after purchasing an additional 319 shares during the last quarter. KBC Group NV grew its holdings in shares of Century Communities by 44.3% in the fourth quarter. KBC Group NV now owns 1,313 shares of the construction company’s stock worth $96,000 after purchasing an additional 403 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Century Communities in the third quarter worth about $51,000. Finally, Truvestments Capital LLC grew its holdings in shares of Century Communities by 12.3% in the third quarter. Truvestments Capital LLC now owns 6,748 shares of the construction company’s stock worth $695,000 after purchasing an additional 739 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CCS shares. StockNews.com cut shares of Century Communities from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Zelman & Associates upgraded shares of Century Communities to a “hold” rating in a report on Friday, January 31st. Wedbush reiterated a “neutral” rating and set a $93.00 target price (down from $96.00) on shares of Century Communities in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $97.00 in a report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Century Communities presently has a consensus rating of “Hold” and a consensus price target of $103.00.

Century Communities Stock Down 2.8 %

Shares of Century Communities stock opened at $71.21 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. Century Communities, Inc. has a 1 year low of $68.49 and a 1 year high of $108.42. The firm’s 50-day moving average is $74.72 and its two-hundred day moving average is $87.55. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 6.85 and a beta of 1.92.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. As a group, research analysts expect that Century Communities, Inc. will post 11.07 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.29 dividend. This is a positive change from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Wednesday, February 26th. Century Communities’s dividend payout ratio (DPR) is presently 10.00%.

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.