Century Communities, Inc. (NYSE:CCS) Position Lessened by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Century Communities, Inc. (NYSE:CCS - Free Report) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,013 shares of the construction company's stock after selling 4,711 shares during the quarter. Rhumbline Advisers owned about 0.27% of Century Communities worth $5,503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. New York State Teachers Retirement System raised its holdings in shares of Century Communities by 22.0% in the 4th quarter. New York State Teachers Retirement System now owns 14,854 shares of the construction company's stock worth $1,090,000 after purchasing an additional 2,675 shares in the last quarter. Principal Securities Inc. grew its position in Century Communities by 27.7% in the fourth quarter. Principal Securities Inc. now owns 2,122 shares of the construction company's stock worth $156,000 after buying an additional 460 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Century Communities by 25.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 24,466 shares of the construction company's stock worth $1,795,000 after buying an additional 5,038 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Century Communities by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 133,860 shares of the construction company's stock valued at $9,820,000 after buying an additional 3,747 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Century Communities in the fourth quarter valued at $211,000. 99.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wedbush reduced their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $101.33.

Century Communities Price Performance

Shares of CCS traded up $1.11 during trading hours on Monday, hitting $53.99. 402,709 shares of the company were exchanged, compared to its average volume of 378,176. The company has a market capitalization of $1.65 billion, a PE ratio of 5.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a fifty day simple moving average of $55.41 and a 200-day simple moving average of $67.36. Century Communities, Inc. has a one year low of $50.42 and a one year high of $108.42.

Century Communities (NYSE:CCS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.38). The company had revenue of $903.23 million for the quarter, compared to the consensus estimate of $914.20 million. Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business's revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.22 earnings per share. As a group, sell-side analysts predict 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, June 11th. Stockholders of record on Wednesday, May 28th were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $1.16 annualized dividend and a dividend yield of 2.15%. Century Communities's dividend payout ratio (DPR) is presently 12.01%.

Insider Transactions at Century Communities

In other Century Communities news, Director Elisa Z. Ramirez bought 1,500 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was acquired at an average price of $53.86 per share, with a total value of $80,790.00. Following the completion of the transaction, the director now directly owns 8,481 shares in the company, valued at approximately $456,786.66. This represents a 21.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 2,400 shares of company stock valued at $130,426 over the last quarter. Company insiders own 11.90% of the company's stock.

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.