Public Employees Retirement System of Ohio Acquires 10,525 Shares of Century Communities, Inc. $CCS

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Century Communities, Inc. by 27.6% during the second quarter, now holding a total of 48,614 shares valued at approximately $2.74 million.
• Century Communities reported earnings of $1.37 per share for the last quarter, exceeding expectations, with total revenue of $1 billion despite a 1.7% decline year-over-year.
• The firm announced a quarterly dividend of $0.29 per share, with a total annualized dividend of $1.16 and a yield of 1.8%.

Public Employees Retirement System of Ohio grew its holdings in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 27.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,614 shares of the construction company's stock after purchasing an additional 10,525 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of Century Communities worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Century Communities by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,854 shares of the construction company's stock valued at $104,000 after purchasing an additional 275 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Century Communities in the 2nd quarter worth $582,000. Harbor Capital Advisors Inc. raised its holdings in Century Communities by 32.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 8,024 shares of the construction company's stock worth $452,000 after acquiring an additional 1,988 shares during the period. Voya Investment Management LLC raised its holdings in Century Communities by 83.4% in the 1st quarter. Voya Investment Management LLC now owns 397,380 shares of the construction company's stock worth $26,664,000 after acquiring an additional 180,698 shares during the period. Finally, Militia Capital Partners LP raised its holdings in Century Communities by 33.3% in the 1st quarter. Militia Capital Partners LP now owns 20,000 shares of the construction company's stock worth $1,342,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 99.54% of the company's stock.

Century Communities Stock Performance

NYSE:CCS opened at $64.17 on Thursday. The firm's 50-day moving average is $64.02 and its 200-day moving average is $60.31. Century Communities, Inc. has a 52-week low of $50.42 and a 52-week high of $104.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.55 and a current ratio of 0.55. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 7.84 and a beta of 1.55.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.21. Century Communities had a net margin of 6.03% and a return on equity of 10.99%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $910.70 million. During the same period in the previous year, the business earned $2.65 EPS. The firm's revenue was down 1.7% on a year-over-year basis. Equities research analysts anticipate that Century Communities, Inc. will post 11.07 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Wednesday, August 27th. Century Communities's payout ratio is 14.16%.

Wall Street Analysts Forecast Growth

CCS has been the topic of several recent analyst reports. B. Riley initiated coverage on shares of Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 target price on the stock. Zacks Research upgraded shares of Century Communities from a "strong sell" rating to a "hold" rating in a report on Friday, September 26th. Finally, Wall Street Zen upgraded shares of Century Communities from a "sell" rating to a "hold" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Century Communities presently has a consensus rating of "Hold" and a consensus price target of $85.00.

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.

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