Century Communities, Inc. $CCS Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in shares of Century Communities, Inc. (NYSE:CCS) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,759 shares of the construction company’s stock after purchasing an additional 9,161 shares during the period. Public Sector Pension Investment Board’s holdings in Century Communities were worth $6,385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Westwood Holdings Group Inc. increased its holdings in shares of Century Communities by 26.6% in the second quarter. Westwood Holdings Group Inc. now owns 1,341,781 shares of the construction company’s stock valued at $75,569,000 after buying an additional 282,133 shares in the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Century Communities by 32.2% in the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after acquiring an additional 254,186 shares during the last quarter. Jennison Associates LLC raised its position in shares of Century Communities by 5.0% during the second quarter. Jennison Associates LLC now owns 480,475 shares of the construction company’s stock worth $27,060,000 after purchasing an additional 23,073 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Century Communities by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 291,971 shares of the construction company’s stock valued at $16,444,000 after purchasing an additional 5,492 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Century Communities by 28.8% in the 2nd quarter. Franklin Resources Inc. now owns 289,391 shares of the construction company’s stock valued at $16,299,000 after purchasing an additional 64,654 shares during the period. 99.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCS has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Century Communities from $56.00 to $49.00 and set an “underweight” rating on the stock in a report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Century Communities in a report on Wednesday, January 21st. B. Riley Financial restated a “buy” rating on shares of Century Communities in a research report on Thursday, January 29th. Citizens Jmp assumed coverage on shares of Century Communities in a research report on Wednesday, January 21st. They set a “market outperform” rating and a $92.00 price objective on the stock. Finally, Zacks Research downgraded shares of Century Communities from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.75.

Century Communities Trading Down 0.3%

Shares of NYSE:CCS opened at $73.18 on Thursday. The firm has a fifty day moving average of $65.03 and a two-hundred day moving average of $63.58. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.43. Century Communities, Inc. has a 12-month low of $50.42 and a 12-month high of $76.00. The firm has a market capitalization of $2.13 billion, a P/E ratio of 15.06 and a beta of 1.58.

Century Communities (NYSE:CCS) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.20. The business 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%. Century Communities’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.54 earnings per share. On average, equities analysts expect that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from Century Communities’s previous quarterly dividend of $0.29. Century Communities’s dividend payout ratio (DPR) is presently 23.87%.

Insider Buying and Selling

In related news, Chairman Dale Francescon sold 100,100 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $72.44, for a total value of $7,251,244.00. Following the transaction, the chairman owned 561,662 shares in the company, valued at approximately $40,686,795.28. This represents a 15.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 11.90% of the company’s stock.

Century Communities Company 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.