New York State Common Retirement Fund Boosts Stock Holdings in Century Communities, Inc. $CCS

New York State Common Retirement Fund lifted its stake in Century Communities, Inc. (NYSE:CCS) by 38.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,824 shares of the construction company’s stock after acquiring an additional 8,864 shares during the period. New York State Common Retirement Fund owned 0.11% of Century Communities worth $2,017,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCS. Traub Capital Management LLC acquired a new position in shares of Century Communities during the second quarter valued at about $39,000. EverSource Wealth Advisors LLC raised its stake in Century Communities by 175.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 730 shares of the construction company’s stock worth $41,000 after acquiring an additional 465 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Century Communities by 1,513.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,210 shares of the construction company’s stock worth $81,000 after acquiring an additional 1,135 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Century Communities during the 3rd quarter valued at about $119,000. Finally, Lazard Asset Management LLC grew its stake in Century Communities by 7.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,405 shares of the construction company’s stock valued at $134,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Price Performance

NYSE:CCS opened at $69.95 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 14.39 and a beta of 1.57. The company has a 50 day moving average price of $63.43 and a 200-day moving average price of $62.79. Century Communities, Inc. has a 1-year low of $50.42 and a 1-year high of $76.62.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. Century Communities had a net margin of 3.58% and a return on equity of 6.87%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.54 earnings per share. Equities research analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.32 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 25th. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. Century Communities’s payout ratio is currently 23.87%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCS. JPMorgan Chase & Co. decreased their target price on Century Communities from $56.00 to $49.00 and set an “underweight” rating for the company in a report on Monday, February 2nd. Citizens Jmp began coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued a “market outperform” rating and a $92.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a research note on Wednesday, January 21st. Citigroup initiated coverage on shares of Century Communities in a report on Wednesday, January 21st. They issued an “outperform” rating on the stock. Finally, B. Riley Financial reiterated a “buy” rating on shares of Century Communities in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $74.75.

Century Communities Profile

Century Communities, Inc is a national homebuilder and land developer headquartered in Greenwood Village, Colorado. The company is engaged in the acquisition, development, construction and sale of single- and multi-family residential homes, offering a range of floor plans and design options to homebuyers. In addition to its core homebuilding activities, Century Communities provides ancillary services such as mortgage financing, title and closing services, and insurance products through its wholly owned subsidiaries, aiming to deliver a comprehensive homebuying experience.

Founded in 2009, Century Communities rapidly expanded through both organic growth and strategic land acquisitions, positioning itself in high-growth markets across the United States.