Public Employees Retirement System of Ohio Invests $8.03 Million in Century Communities, Inc. $CCS

Key Points

• Public Employees Retirement System of Ohio acquired 112,115 Century Communities shares worth approximately $8.03 million, while institutional investors collectively owned 99.54% of the company.
• Analyst sentiment remains mixed, with Century Communities receiving an average “Hold” rating and a consensus price target of $67.00.
• Century Communities exceeded quarterly earnings and revenue estimates, reporting $1.30 EPS and $927.23 million in revenue, and announced a quarterly dividend of $0.32 per share.

Public Employees Retirement System of Ohio acquired a new stake in Century Communities, Inc. (NYSE:CCS - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 112,115 shares of the construction company's stock, valued at approximately $8,034,000. Public Employees Retirement System of Ohio owned approximately 0.39% of Century Communities as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CCS. BlackRock Inc. purchased a new stake in Century Communities during the second quarter valued at about $367,973,000. Vanguard Group Inc. lifted its stake in shares of Century Communities by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 1,978,050 shares of the construction company's stock valued at $117,397,000 after acquiring an additional 72,920 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Century Communities by 9.3% during the 4th 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. Balyasny Asset Management L.P. boosted its holdings in Century Communities by 32.2% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,044,604 shares of the construction company's stock valued at $58,832,000 after acquiring an additional 254,186 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Century Communities by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,744 shares of the construction company's stock worth $38,562,000 after acquiring an additional 32,561 shares during the last quarter. Institutional investors own 99.54% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on CCS. Wall Street Zen raised Century Communities from a "sell" rating to a "hold" rating in a research note on Saturday, June 20th. Zacks Research upgraded shares of Century Communities from a "hold" rating to a "strong-buy" rating in a report on Monday, July 27th. Weiss Ratings raised shares of Century Communities from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 24th. Finally, Zelman & Associates downgraded shares of Century Communities from a "neutral" rating to an "underperform" rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Century Communities presently has an average rating of "Hold" and an average price target of $67.00.

Century Communities Stock Performance

Century Communities stock opened at $67.65 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.92 billion, a P/E ratio of 14.84 and a beta of 1.30. Century Communities, Inc. has a 1-year low of $47.28 and a 1-year high of $76.00. The firm has a 50-day moving average of $68.56 and a 200-day moving average of $62.59.

Century Communities (NYSE:CCS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.67. The company had revenue of $927.23 million for the quarter, compared to the consensus estimate of $857.23 million. Century Communities had a return on equity of 6.06% and a net margin of 3.41%.Century Communities's revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 EPS. Sell-side analysts expect that Century Communities, Inc. will post 4.86 EPS for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 26th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. Century Communities's payout ratio is 28.07%.

About Century Communities

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.

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