Louisiana State Employees Retirement System Takes Position in Century Communities, Inc. (NYSE:CCS)

Louisiana State Employees Retirement System purchased a new position in shares of Century Communities, Inc. (NYSE:CCS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,100 shares of the construction company’s stock, valued at approximately $1,285,000.

Several other hedge funds also recently made changes to their positions in CCS. JPMorgan Chase & Co. boosted its holdings in Century Communities by 72.6% during the first quarter. JPMorgan Chase & Co. now owns 128,730 shares of the construction company’s stock worth $6,896,000 after purchasing an additional 54,156 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Century Communities by 11.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 17,343 shares of the construction company’s stock worth $929,000 after buying an additional 1,823 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Century Communities by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 363,683 shares of the construction company’s stock valued at $19,482,000 after acquiring an additional 7,071 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Century Communities by 57.7% in the first quarter. MetLife Investment Management LLC now owns 16,306 shares of the construction company’s stock valued at $874,000 after acquiring an additional 5,965 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Century Communities by 3.2% during the first quarter. Rhumbline Advisers now owns 76,119 shares of the construction company’s stock worth $4,078,000 after acquiring an additional 2,381 shares in the last quarter. 99.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CCS shares. B. Riley raised their price target on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wedbush reissued an “underperform” rating and issued a $82.00 price objective (down previously from $92.00) on shares of Century Communities in a report on Tuesday, April 2nd.

Century Communities Stock Up 0.3 %

Shares of CCS stock opened at $79.03 on Monday. Century Communities, Inc. has a 52-week low of $58.01 and a 52-week high of $97.92. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 9.82 and a beta of 1.71. The firm’s 50-day moving average is $87.13 and its 200-day moving average is $80.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.46 and a current ratio of 1.46.

Century Communities (NYSE:CCS) last released its quarterly earnings data on Wednesday, January 31st. The construction company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.66. Century Communities had a return on equity of 11.57% and a net margin of 7.02%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $915.91 million. Sell-side analysts predict that Century Communities, Inc. will post 10.06 EPS for the current year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.26 per share. This is an increase from Century Communities’s previous quarterly dividend of $0.23. The ex-dividend date was Tuesday, February 27th. This represents a $1.04 annualized dividend and a yield of 1.32%. Century Communities’s dividend payout ratio (DPR) is currently 12.92%.

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.