Teacher Retirement System of Texas Sells 20,092 Shares of Century Communities, Inc. (NYSE:CCS)

Teacher Retirement System of Texas cut its holdings in Century Communities, Inc. (NYSE:CCS) by 62.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,149 shares of the construction company’s stock after selling 20,092 shares during the period. Teacher Retirement System of Texas’ holdings in Century Communities were worth $891,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of Century Communities by 6.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,526 shares of the construction company’s stock valued at $38,699,000 after buying an additional 34,046 shares during the last quarter. Franklin Resources Inc. lifted its stake in Century Communities by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 490,758 shares of the construction company’s stock worth $48,502,000 after purchasing an additional 51,021 shares in the last quarter. Basswood Capital Management L.L.C. lifted its stake in Century Communities by 11.8% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 435,966 shares of the construction company’s stock worth $44,896,000 after purchasing an additional 46,104 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Century Communities by 4.0% during the 4th quarter. Bank of New York Mellon Corp now owns 294,149 shares of the construction company’s stock valued at $21,579,000 after purchasing an additional 11,389 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Century Communities by 5.3% during the third quarter. JPMorgan Chase & Co. now owns 206,798 shares of the construction company’s stock valued at $21,296,000 after purchasing an additional 10,453 shares in the last quarter. 99.54% of the stock is currently owned by institutional investors.

Century Communities Price Performance

Shares of Century Communities stock opened at $66.88 on Friday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 6.43 and a beta of 2.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50 day moving average price of $72.46 and a 200-day moving average price of $83.02. Century Communities, Inc. has a one year low of $66.07 and a one year high of $108.42.

Century Communities (NYSE:CCS) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.49 EPS for the quarter, topping the consensus estimate of $3.16 by $0.33. Century Communities had a net margin of 7.59% and a return on equity of 14.17%. Equities analysts expect that Century Communities, Inc. will post 11.07 EPS for the current year.

Century Communities Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.73%. This is an increase from Century Communities’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, February 26th. Century Communities’s dividend payout ratio is presently 11.15%.

Analysts Set New Price Targets

A number of research firms recently commented on CCS. StockNews.com downgraded Century Communities from a “hold” rating to a “sell” rating in a research report on Thursday, December 5th. Zelman & Associates upgraded Century Communities to a “hold” rating in a research report on Friday, January 31st. Wedbush restated a “neutral” rating and issued a $93.00 price target (down previously from $96.00) on shares of Century Communities in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised shares of Century Communities from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $97.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

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.