Louisiana State Employees Retirement System Takes $643,000 Position in Century Communities, Inc. $CCS

Louisiana State Employees Retirement System purchased a new stake in Century Communities, Inc. (NYSE:CCS) during the first quarter, HoldingsChannel.com reports. The firm purchased 11,200 shares of the construction company’s stock, valued at approximately $643,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Century Communities by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company’s stock worth $117,397,000 after purchasing an additional 72,920 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Century Communities by 10.3% in the 4th quarter. First Eagle Investment Management LLC now owns 240,940 shares of the construction company’s stock worth $14,300,000 after acquiring an additional 22,450 shares during the period. Penn Capital Management Company LLC purchased a new position in Century Communities in the 3rd quarter valued at approximately $1,647,000. Pier Capital LLC increased its stake in Century Communities by 56.7% in the 3rd quarter. Pier Capital LLC now owns 153,224 shares of the construction company’s stock valued at $9,710,000 after purchasing an additional 55,415 shares in the last quarter. Finally, Voss Capital LP raised its holdings in Century Communities by 28.1% during the third quarter. Voss Capital LP now owns 365,000 shares of the construction company’s stock worth $23,130,000 after purchasing an additional 80,000 shares during the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. B. Riley Financial lowered Century Communities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $75.00 to $64.00 in a report on Thursday, April 23rd. JPMorgan Chase & Co. cut their price target on Century Communities from $49.00 to $45.00 and set an “underweight” rating for the company in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Century Communities from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Weiss Ratings cut shares of Century Communities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Finally, Zelman & Associates downgraded shares of Century Communities from a “neutral” rating to an “underperform” rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $67.00.

Century Communities Price Performance

CCS stock opened at $65.47 on Wednesday. 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 quick ratio of 0.57 and a current ratio of 0.57. The stock’s 50 day moving average price is $58.40 and its 200 day moving average price is $61.38. The firm has a market cap of $1.88 billion, a P/E ratio of 14.75 and a beta of 1.29.

Century Communities (NYSE:CCS) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.27. Century Communities had a return on equity of 6.24% and a net margin of 3.31%.The company had revenue of $789.67 million during the quarter, compared to the consensus estimate of $961.12 million. During the same quarter last year, the business posted $1.36 earnings per share. Century Communities’s revenue was down 16.9% compared to the same quarter last year. On average, sell-side analysts expect that Century Communities, Inc. will post 3.84 earnings per share for the current fiscal year.

Century Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. Century Communities’s dividend payout ratio (DPR) is presently 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.