State Street Corp Trims Position in Century Communities, Inc. (NYSE:CCS)

State Street Corp decreased its position in shares of Century Communities, Inc. (NYSE:CCS) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,485,233 shares of the construction company’s stock after selling 92,497 shares during the quarter. State Street Corp’s holdings in Century Communities were worth $152,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp lifted its stake in shares of Century Communities by 21.8% during the third quarter. Stifel Financial Corp now owns 14,991 shares of the construction company’s stock valued at $1,544,000 after buying an additional 2,682 shares during the period. Quadrature Capital Ltd acquired a new position in Century Communities during the third quarter worth approximately $813,000. Point72 DIFC Ltd acquired a new position in Century Communities during the third quarter worth approximately $495,000. HighTower Advisors LLC acquired a new position in Century Communities during the third quarter worth approximately $543,000. Finally, Centiva Capital LP acquired a new position in Century Communities during the third quarter worth approximately $663,000. Hedge funds and other institutional investors own 99.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CCS shares. B. Riley reaffirmed a “buy” rating and set a $119.00 price target (up previously from $113.00) on shares of Century Communities in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $97.00 in a research report on Friday. StockNews.com lowered shares of Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Finally, Wedbush increased their price objective 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.

Century Communities Price Performance

Century Communities stock opened at $82.61 on Friday. Century Communities, Inc. has a 52-week low of $74.76 and a 52-week high of $108.42. The firm has a fifty day moving average of $91.39 and a 200-day moving average of $91.83. The firm has a market capitalization of $2.59 billion, a P/E ratio of 8.26 and a beta of 1.87. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.44.

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

Century Communities Dividend Announcement

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

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.