Century Communities, Inc. (NYSE:CCS) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Century Communities, Inc. (NYSE:CCS) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,239 shares of the construction company’s stock after acquiring an additional 1,858 shares during the quarter. New York State Common Retirement Fund owned approximately 0.16% of Century Communities worth $4,579,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. acquired a new position in shares of Century Communities in the 4th quarter worth $36,000. NBC Securities Inc. acquired a new position in shares of Century Communities in the 3rd quarter worth $33,000. Quantbot Technologies LP acquired a new position in shares of Century Communities in the 3rd quarter worth $59,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Century Communities in the 4th quarter worth $107,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Century Communities in the 4th quarter worth $210,000. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Performance

Shares of CCS stock opened at $83.27 on Friday. Century Communities, Inc. has a 1-year low of $58.01 and a 1-year high of $97.92. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 9.24 and a beta of 1.76. The stock’s fifty day simple moving average is $85.85 and its 200-day simple moving average is $81.79.

Century Communities (NYSE:CCS) last issued its earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $791.67 million. On average, sell-side analysts predict that Century Communities, Inc. will post 10.36 earnings per share for the current fiscal year.

Century Communities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a $0.26 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.25%. This is an increase from Century Communities’s previous quarterly dividend of $0.23. Century Communities’s payout ratio is 11.54%.

Wall Street Analyst Weigh In

CCS has been the topic of a number of research analyst reports. B. Riley lifted their price target on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Wedbush reiterated an “underperform” rating and set a $82.00 price target on shares of Century Communities in a report on Thursday, April 25th.

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.