11,200 Shares in Century Communities, Inc. $CCS Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Century Communities, Inc. (NYSE:CCS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,200 shares of the construction company’s stock, valued at approximately $643,000.

Several other hedge funds also recently made changes to their positions in the company. New South Capital Management Inc. boosted its position in shares of Century Communities by 285.1% in the 4th quarter. New South Capital Management Inc. now owns 609,425 shares of the construction company’s stock valued at $36,169,000 after purchasing an additional 451,187 shares during the period. Balyasny Asset Management L.P. increased its position in Century Communities by 32.2% during the second quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company’s stock worth $58,832,000 after buying an additional 254,186 shares during the period. Goldman Sachs Group Inc. lifted its stake in Century Communities by 58.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 509,499 shares of the construction company’s stock valued at $30,239,000 after buying an additional 186,938 shares during the last quarter. Norges Bank purchased a new stake in Century Communities in the fourth quarter valued at approximately $10,386,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Century Communities by 9.3% in the fourth quarter. Wellington Management Group LLP now owns 1,631,055 shares of the construction company’s stock valued at $96,803,000 after acquiring an additional 139,141 shares during the period. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CCS shares. Weiss Ratings cut shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. lowered their price objective on shares of Century Communities from $49.00 to $45.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 29th. Zacks Research raised shares of Century Communities from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Finally, Wall Street Zen raised Century Communities from a “sell” rating to a “hold” rating in a report on Saturday, June 20th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $67.00.

Century Communities Price Performance

Shares of NYSE CCS opened at $65.47 on Wednesday. The stock has a fifty day moving average price of $58.40 and a 200 day moving average price of $61.38. Century Communities, Inc. has a 1-year low of $47.28 and a 1-year high of $76.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market cap of $1.88 billion, a PE ratio of 14.75 and a beta of 1.29.

Century Communities (NYSE:CCS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.27. Century Communities had a net margin of 3.31% and a return on equity of 6.24%. The company had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. During the same quarter in the prior year, the firm earned $1.36 EPS. Century Communities’s quarterly revenue was down 16.9% on a year-over-year basis. Sell-side analysts forecast that Century Communities, Inc. will post 3.84 EPS for the current year.

Century Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, May 27th. Century Communities’s dividend payout ratio is currently 28.83%.

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.