Century Communities, Inc. (NYSE:CCS) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Century Communities, Inc. (NYSE:CCS - Free Report) by 30.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,718 shares of the construction company's stock after selling 8,676 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.06% of Century Communities worth $1,446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Century Communities by 336.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 738 shares of the construction company's stock worth $54,000 after purchasing an additional 569 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Century Communities by 800.0% in the 4th quarter. Sterling Capital Management LLC now owns 774 shares of the construction company's stock valued at $57,000 after buying an additional 688 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Century Communities in the 4th quarter valued at $74,000. KBC Group NV raised its stake in Century Communities by 44.3% during the 4th quarter. KBC Group NV now owns 1,313 shares of the construction company's stock worth $96,000 after acquiring an additional 403 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Century Communities in the fourth quarter valued at $142,000. Institutional investors and hedge funds own 99.54% of the company's stock.

Century Communities Stock Performance

Shares of NYSE CCS traded up $0.87 during mid-day trading on Friday, hitting $55.26. 111,417 shares of the company were exchanged, compared to its average volume of 471,196. The stock has a 50 day simple moving average of $64.62 and a 200-day simple moving average of $75.90. Century Communities, Inc. has a 1-year low of $52.40 and a 1-year high of $108.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 5.31 and a beta of 1.76.

Century Communities (NYSE:CCS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.38). Century Communities had a return on equity of 14.17% and a net margin of 7.59%. The business had revenue of $903.23 million for the quarter, compared to analysts' expectations of $914.20 million. During the same period last year, the company posted $2.22 earnings per share. The business's quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts forecast that Century Communities, Inc. will post 11.07 EPS for the current fiscal year.

Century Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.29 dividend. This is a boost from Century Communities's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. This represents a $1.16 annualized dividend and a dividend yield of 2.10%. Century Communities's dividend payout ratio (DPR) is 12.01%.

Analyst Ratings Changes

CCS has been the topic of several research reports. Wedbush dropped their price objective on Century Communities from $93.00 to $88.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Zelman & Associates raised Century Communities to a "hold" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $101.33.

About Century Communities

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.