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

New York State Teachers Retirement System decreased its position in Century Communities, Inc. (NYSE:CCS) by 16.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,489 shares of the construction company’s stock after selling 2,479 shares during the quarter. New York State Teachers Retirement System’s holdings in Century Communities were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CCS. Daiwa Securities Group Inc. purchased a new stake in Century Communities in the 4th quarter valued at about $36,000. GAMMA Investing LLC purchased a new stake in Century Communities in the 4th quarter valued at about $55,000. Quantbot Technologies LP purchased a new stake in Century Communities in the 3rd quarter valued at about $59,000. DekaBank Deutsche Girozentrale purchased a new stake in Century Communities in the 4th quarter valued at about $107,000. Finally, Everence Capital Management Inc. purchased a new stake in Century Communities in the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wedbush upgraded Century Communities from an “underperform” rating to a “neutral” rating and set a $82.00 price target for the company in a report on Friday, May 31st.

Century Communities Trading Down 1.7 %

Shares of NYSE:CCS traded down $1.42 during trading on Tuesday, reaching $79.90. 317,147 shares of the stock were exchanged, compared to its average volume of 299,487. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.20. Century Communities, Inc. has a 12-month low of $58.01 and a 12-month high of $97.92. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 8.87 and a beta of 1.82. The firm’s 50-day moving average price is $83.55 and its 200 day moving average price is $85.29.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.67. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. The firm had revenue of $948.54 million during the quarter, compared to analysts’ expectations of $791.67 million. On average, sell-side analysts anticipate that Century Communities, Inc. will post 10.36 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Wednesday, May 29th. Century Communities’s payout ratio is 11.54%.

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.