Teachers Retirement System of The State of Kentucky Cuts Stock Holdings in Century Communities, Inc. (NYSE:CCS)

Teachers Retirement System of The State of Kentucky lowered its position in Century Communities, Inc. (NYSE:CCS) by 30.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,718 shares of the construction company’s stock after selling 8,676 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of Century Communities worth $1,446,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Century Communities by 5.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock valued at $21,296,000 after buying an additional 10,453 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Century Communities by 27.9% in the fourth quarter. Invesco Ltd. now owns 236,201 shares of the construction company’s stock valued at $17,328,000 after acquiring an additional 51,589 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Century Communities by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company’s stock valued at $9,820,000 after acquiring an additional 3,747 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock worth $38,699,000 after acquiring an additional 34,046 shares during the period. Finally, Edgestream Partners L.P. boosted its position in Century Communities by 257.7% in the fourth quarter. Edgestream Partners L.P. now owns 64,509 shares of the construction company’s stock worth $4,732,000 after purchasing an additional 46,477 shares during the last quarter. 99.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CCS has been the subject of several research analyst reports. Zelman & Associates raised Century Communities to a “hold” rating in a research report on Friday, January 31st. Wedbush reduced their price target on shares of Century Communities from $93.00 to $88.00 and set a “neutral” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.33.

Century Communities Price Performance

Shares of NYSE CCS opened at $55.76 on Friday. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 5.36 and a beta of 1.76. The stock has a fifty day simple moving average of $66.03 and a two-hundred day simple moving average of $76.95. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. Century Communities, Inc. has a 1-year low of $53.75 and a 1-year high of $108.42.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The firm had revenue of $903.23 million during the quarter, compared to analysts’ expectations of $914.20 million. Analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.29 per share. This is a boost from Century Communities’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

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.