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

Key Points

• Public Sector Pension Investment Board increased its stake in Century Communities by 25.8%, now owning approximately $5.8 million worth of shares.
• Century Communities reported quarterly earnings of $1.37 per share, exceeding expectations, with a total revenue of $1 billion, although revenue decreased by 1.7% year-over-year.
• The company declared a quarterly dividend of $0.29 per share, representing an annualized dividend yield of 1.8%.

Public Sector Pension Investment Board lifted its stake in Century Communities, Inc. (NYSE:CCS - Free Report) by 25.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,421 shares of the construction company's stock after buying an additional 17,703 shares during the period. Public Sector Pension Investment Board owned approximately 0.28% of Century Communities worth $5,799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCS. LPL Financial LLC increased its holdings in Century Communities by 41.6% during the 4th quarter. LPL Financial LLC now owns 3,574 shares of the construction company's stock valued at $262,000 after purchasing an additional 1,050 shares during the period. Wells Fargo & Company MN increased its holdings in Century Communities by 20.9% during the 4th quarter. Wells Fargo & Company MN now owns 18,036 shares of the construction company's stock valued at $1,323,000 after purchasing an additional 3,124 shares during the period. Cerity Partners LLC grew its holdings in shares of Century Communities by 67.2% during the 4th quarter. Cerity Partners LLC now owns 5,649 shares of the construction company's stock worth $414,000 after acquiring an additional 2,270 shares during the period. Invesco Ltd. grew its holdings in shares of Century Communities by 27.9% during the 4th quarter. Invesco Ltd. now owns 236,201 shares of the construction company's stock worth $17,328,000 after acquiring an additional 51,589 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in shares of Century Communities by 800.0% during the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock worth $57,000 after acquiring an additional 688 shares during the period. Institutional investors own 99.54% of the company's stock.

Analyst Ratings Changes

CCS has been the topic of several recent analyst reports. Wall Street Zen downgraded Century Communities from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. B. Riley started coverage on Century Communities in a report on Monday, June 30th. They issued a "buy" rating and a $70.00 target price on the stock. Finally, Wedbush decreased their target price on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.00.

Century Communities Trading Up 7.9%

Shares of NYSE:CCS traded up $4.9550 during trading hours on Friday, hitting $67.6450. 105,211 shares of the company's stock traded hands, compared to its average volume of 428,808. Century Communities, Inc. has a 1 year low of $50.42 and a 1 year high of $108.42. The business has a fifty day moving average price of $59.31 and a 200-day moving average price of $61.52. The firm has a market capitalization of $2.01 billion, a P/E ratio of 8.23 and a beta of 1.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.55 and a quick ratio of 0.55.

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

Century Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Wednesday, August 27th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. Century Communities's dividend payout ratio is presently 14.16%.

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.