Century Communities, Inc. (NYSE:CCS) Shares Sold by State Street Corp

State Street Corp trimmed its position in shares of Century Communities, Inc. (NYSE:CCS) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,485,233 shares of the construction company’s stock after selling 92,497 shares during the quarter. State Street Corp owned 4.74% of Century Communities worth $152,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ausbil Investment Management Ltd acquired a new position in shares of Century Communities during the third quarter worth about $618,000. Seven Eight Capital LP acquired a new position in shares of Century Communities during the second quarter worth about $624,000. Quest Partners LLC increased its stake in shares of Century Communities by 314.1% during the third quarter. Quest Partners LLC now owns 14,274 shares of the construction company’s stock worth $1,470,000 after acquiring an additional 10,827 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Century Communities by 15.9% during the second quarter. Point72 Asset Management L.P. now owns 41,733 shares of the construction company’s stock worth $3,408,000 after acquiring an additional 5,733 shares during the period. Finally, Pier Capital LLC grew its position in Century Communities by 33.0% during the second quarter. Pier Capital LLC now owns 99,171 shares of the construction company’s stock worth $8,098,000 after buying an additional 24,630 shares during the period. 99.54% of the stock is currently owned by institutional investors and hedge funds.

Century Communities Stock Down 2.6 %

Shares of NYSE CCS opened at $82.61 on Friday. Century Communities, Inc. has a 12-month low of $74.76 and a 12-month high of $108.42. The company has a market capitalization of $2.59 billion, a PE ratio of 8.26 and a beta of 1.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50-day moving average is $91.39 and its two-hundred day moving average is $91.83.

Century Communities (NYSE:CCS) last announced its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.16. Century Communities had a net margin of 7.44% and a return on equity of 13.79%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $2.58 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts anticipate that Century Communities, Inc. will post 10.95 EPS for the current fiscal year.

Century Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Wednesday, November 27th. Century Communities’s payout ratio is 10.37%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CCS. B. Riley restated a “buy” rating and set a $119.00 target price (up from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. JPMorgan Chase & Co. upgraded shares of Century Communities from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $97.00 in a research report on Friday. Wedbush upped their target price on shares of Century Communities from $90.00 to $96.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th.

Century Communities Company 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.