Teacher Retirement System of Texas Cuts Stake in Century Communities, Inc. (NYSE:CCS)

Teacher Retirement System of Texas lowered its position in Century Communities, Inc. (NYSE:CCS) by 63.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,766 shares of the construction company’s stock after selling 10,135 shares during the quarter. Teacher Retirement System of Texas’ holdings in Century Communities were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in Century Communities by 21.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,036,025 shares of the construction company’s stock worth $94,423,000 after buying an additional 180,095 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Century Communities by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 434,550 shares of the construction company’s stock worth $39,605,000 after buying an additional 8,214 shares in the last quarter. American Century Companies Inc. boosted its stake in Century Communities by 33.1% in the third quarter. American Century Companies Inc. now owns 394,305 shares of the construction company’s stock worth $26,332,000 after buying an additional 97,953 shares in the last quarter. Invesco Ltd. boosted its stake in Century Communities by 11.3% in the third quarter. Invesco Ltd. now owns 345,248 shares of the construction company’s stock worth $23,056,000 after buying an additional 35,066 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Century Communities by 0.6% in the third quarter. Rhumbline Advisers now owns 96,602 shares of the construction company’s stock worth $6,451,000 after buying an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Century Communities Stock Performance

NYSE:CCS opened at $83.89 on Monday. The firm has a market cap of $2.67 billion, a PE ratio of 9.31 and a beta of 1.76. Century Communities, Inc. has a fifty-two week low of $58.01 and a fifty-two week high of $97.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.20 and a current ratio of 1.20. The business has a 50 day moving average price of $85.84 and a 200-day moving average price of $84.32.

Century Communities (NYSE:CCS) last announced its earnings results on Wednesday, April 24th. The construction company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.67. The company had revenue of $948.54 million during the quarter, compared to the consensus estimate of $791.67 million. Century Communities had a return on equity of 12.90% and a net margin of 7.47%. Equities research analysts predict that Century Communities, Inc. will post 10.36 earnings per share for the current year.

Century Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.24%. Century Communities’s dividend payout ratio is presently 11.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CCS shares. B. Riley increased their price objective on Century Communities from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Wedbush reissued an “underperform” rating and set a $82.00 price objective on shares of Century Communities in a research note on Thursday, April 25th.

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.